The Net-Zero Asset Owner Alliance, the $4trn UN-backed group of asset owners committed to decarbonising their portfolios, has laid out “demanding” expectations for services providers, as it puts out a call for comment on the “urgently” needed “convergence” of carbon neutral methodologies.
The Alliance is looking for support from the market to advance net-zero target setting because, it says, no provider “currently fulfils enough requirements” for members to “converge” on an existing solution to report and monitor their decarbonisation efforts.
The investors outline in an accompanying document a list of “expectations” that carbon neutrality methodologies must meet to satisfy their needs (see below).
They acknowledge that these expectations are “demanding”, but recommend that they be seen as a “roadmap to highlight a trajectory over time”.
The group also revealed that its decarbonisation work will be conducted in “close coordination” with th…