Our foundational commitment as members of the United Nations-convened Net-Zero Asset Owner Alliance (the Alliance) is to fully decarbonize our portfolios to contribute to global efforts to avoid a global average temperature increase above 1.5°C, consistent with our fiduciary duty.
This will be achieved by inducing reductions of greenhouse gas emissions from companies in which Alliance members own stakes, in line with the 1.5°C limit and net-zero emissions pathways as well as increasing the funding of low or zero-greenhouse gas emissions-related investments.
Our commitment signals to our stakeholders, the global business and finance community and all government policymakers that we are ready to support corporate action and expect the creation of ambitious public policy to promote rapid decarbonization of developed and emerging economies in a socially responsible manner.