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Inaugural 2025 Target Setting Protocol

The UN-convened Net-Zero Asset Owner Alliance is a group of 30 of the world’s largest investors that have committed to reducing carbon emissions in their portfolio – worth over $5 trillion in AUM – net-zero by 2050.

The UN-convened Net-Zero Asset Owner Alliance has released the Inaugural 2025 Target Setting Protocol after consultation on the draft, issued in October 2020.

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.