Key points
The Protocol explicitly sets out how individual members will set short-term targets, to be achieved in the next five years. Alliance members have used IPCC 1.5oC no- and low-overshoot pathways to inform their targets under the Alliance 2025 Protocol. By laying out four different categories of targets — sub-portfolio, sector-level, engagement and financing transition — the Protocol carefully balances scientific ambition, active ownership engagement, and divestment constraints.