NZAM Reports Significant Growth and Target Achievements in Latest Disclosures Report
31 July 2024
Net Zero Asset Managers (NZAM) initiative has published a report on signatories’ target disclosures as the initiative grows to over 325 signatories.
- As of 31 January 2024, the total number of asset managers who have set individual initial targets increased to 264.
- Most targets focus on real economy decarbonisation. Decarbonisation targets are the predominant target type (62.5%), followed by alignment targets (53%), and engagement targets (23%).
- 98% have set interim targets for/before 2030, with 26% targeting as early as 2025.
The Net Zero Asset Managers Target Disclosures Report 2024 emphasises the rise in voluntary net zero commitments within the asset management industry. More than 325 asset managers, managing over USD 57.5 trillion, have made individual commitments aligned with their fiduciary duties.
The full report – Net Zero Asset Managers Target Disclosures Report 2024 – can be accessed here.
All target disclosures can be found here.
Since the last target disclosure announcement, more than 30 asset managers have joined the initiative and over 90 have disclosed targets. As of 31 January 2024, 264 signatories have set and disclosed targets to guide their individual net zero investment practices.
The report provides insights into the geographical distribution and target-setting methodologies of the signatories, offering benchmarking opportunities and industry-wide trends.
Key highlights include:
- Target types: Decarbonisation (62.5%), alignment (53%), and engagement targets (23%).
- Target years: 98% have set interim targets for/before 2030, with 26% targeting 2025.
- Methodologies: 51% use Paris Aligned Investment Initiative’s Net Zero Investment Framework; others use other established methodologies including Science Based Targets initiative for Financial Institutions and Net Zero Asset Owner Alliance Target Setting Protocol.
- Asset classes: Listed equities and corporate fixed income have the highest inclusion rates.
- Geographical breakdown: Signatories are headquartered in over 35 countries, with Europe leading at over 200 signatories, followed by North America (70+), Asia (20+), Oceania (17), South America (7), and Africa (1).
The full report – Net Zero Asset Managers Target Disclosures Report 2024 – can be accessed here.
All target disclosures can be found here.