Major asset managers disclose interim net zero targets as COP26 gets under way

35% of AUM managed in line with achieving net zero emissions by 2050

Over 40 asset managers have disclosed their interim targets to achieve net zero by 2050, with some setting shorter-term targets to reduce emissions across their portfolios by 2025, the Net Zero Asset Managers Initiative announced on Monday (1 November).

Signatories to the initiative have said that 35% of their total assets under management - representing a combined $4.2trn out of a possible $11.9trn - is being managed in line with achieving net zero by 2050. Meanwhile, 92 new asset managers representing $10.8trn in assets joined the net zero initiative on Monday, timing the announcement with the start of the COP26 climate summit. As signatories of the net zero initiative, asset managers have committed to set interim targets seeking a 50% global reduction in greenhouse gas emissions by 2030, while 15 firms have set shorter-term targe...