A group 30 major investors collectively managing over $9tr of assets worldwide have agreed to set interim targets to drive down emissions across their portfolios to net zero by 2050. The group have promised to align their investment portfolios with global efforts to limit average temperature rise to 1.5C, as set out in the Paris Agreement on climate change. Delivery of the commitment includes prioritising the achievement of real economy emissions reductions within the sectors and companies’ asset managers invest in, according to the six global green investor networks spearheading the initiative. Further commitments from other leading names in the asset management sector are expected over the coming months, while the initiative as a whole is set to join the UN-backed Race to Zero campaign, which brings together net zero pledges from a range of leading networks and initiatives.

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