Investors managing US$9.5tn to include all asset classes in updated 2030 targets
Private assets are included for the first time, in a bid to limit the sale of ‘brown assets’ into the private market.
Members of the Net Zero Asset Owner Alliance (NZAOA) are set to target a 40-60% emissions reduction across all private asset classes by 2030, based on new guidelines from the alliance.
According to the NZAOA’s fourth Target-Setting Protocol, all 89 institutional investors that form part of the group (such as CalPERS, CDPQ, Nippon Life and Axa) will have to update their 2030 climate targets to include all asset classes, including private debt funds, directly held private debt, directly held real estate debt funds and residential mortgage loans.
