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Net-Zero Asset Owner Alliance sets unprecedented 5-year portfolio decarbonization targets

Thirty of the world’s largest investors with $5 trillion assets under management have collectively agreed on concrete portfolio decarbonization targets that follow the Intergovernmental Panel on Climate Change (IPCC) 1.5 °C scenario for the next five years. UN-convened Net-Zero Asset Owner Alliance members will implement deep greenhouse gas (GHG) emissions reductions in the 16% to 29% range by 2025 from 2019, amid likely rising global emissions in the same period.