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Sector-specific alliances

Financial institutions can join GFANZ by joining one of seven sector-specific alliances. 

Financial institutions can join GFANZ by joining one of seven sector-specific alliances. 

The Net Zero Asset Managers initiative is an international group of asset managers committed to supporting the goal of net-zero greenhouse gas emissions by 2050 or sooner, in line with global efforts to limit warming to 1.5°C, and to supporting investing aligned with net-zero emissions by 2050 or sooner.

The initiative is endorsed by Investor Agenda and governed by six investor networks: the Asia Investor Group on Climate Change, CDP, Ceres, the Investor Group on Climate Change, the Institutional Investors Group on Climate Change, and PRI.

The Net-Zero Asset Owner Alliance is a group of leading institutional investors that have committed to decarbonizing their investment portfolios in line with a 1.5°C pathway and to achieving net-zero greenhouse gas emissions by 2050 at the latest.

NZAOA is convened by the UN Environment Programme Finance Initiative and the Principles for Responsible Investment (PRI).

Paris Aligned Asset Owners

PAAO

The Paris Aligned Asset Owners is a collaborative investor-led global forum enabling investors to align their portfolios and activities to the goals of the Paris Agreement on Climate Change. The forum has four key areas of focus: driving net-zero investing commitments, providing oversight of Paris-aligned asset owners’ disclosures and reporting, developing and updating methodologies and guidance for Paris-aligned investing, and supporting investors in implementing commitments.

PAAO was established by the Institutional Investors Group on Climate Change (IIGCC) and is supported by four regional networks: AIGCC (Asia), Ceres (North America), IIGCC (Europe), and IGCC (Australasia). PAAO is a formal partner of the UN Race to Zero campaign and collaborates with the Partnership for Carbon Accounting Financials.

The Net-Zero Banking Alliance, convened by the UN Environment Programme Finance Initiative, brings together a group of banks that are committed to aligning their lending and investment portfolios with net-zero emissions by 2050. To achieve this objective, NZBA members are setting intermediate targets for 2030 or sooner using robust, science-based guidelines.

NZBA recognizes the vital role of banks in supporting the global transition of the real economy to net-zero emissions. The Alliance reinforces, accelerates, and supports the implementation of decarbonization strategies, providing an internationally coherent framework and guidelines in which to operate, supported by peer learning from pioneering banks.

NZBA is accredited by the UN-backed Race to Zero, with members required to commit to its strict criteria, and serves as the banking element of GFANZ and the climate-focused element of the Principles for Responsible Banking (PRI).

The Net Zero Financial Service Providers Alliance is a global group of financial service providers committed to supporting the goal of global net-zero greenhouse gas emissions by 2050 or sooner, in line with the ambition to limit the global temperature increase to 1.5°C above pre-industrial levels.

The NZFSPA is designed to enable and accelerate the role that service providers play in providing clients, including institutional investors and their managers, with products and services that recognize their need to align their assets, products, services, and investment strategies with a just transition to a net-zero and resilient economy.

The NZFSPA is endorsed by the Race to Zero, with members required to commit to its strict criteria, and supported by PRI.

The Net-Zero Insurance Alliance is a group of leading insurers that have committed to transition their insurance and reinsurance underwriting portfolios to net-zero greenhouse gas emissions by 2050 in order to contribute to the implementation of the Paris Agreement on Climate Change.

The NZIA supports its members as they work toward decarbonizing their underwriting portfolios by individually setting science-based intermediate targets and reporting on their progress annually. The alliance also advocates for and engages in governmental policies for a science-based and socially just transition of economic sectors to net zero.

The NZIA is convened by the UN Principles for Sustainable Insurance (PSI). The commitment signed by the members of the NZIA is accredited by the Race to Zero.

The Net Zero Investment Consultants Initiative is a group of investment consultants committed to aligning their operations and advisory services with the goal of achieving net-zero greenhouse gas emissions by 2050.

The initiative is designed to enable and accelerate the role that investment consultants play in advising their clients on net-zero alignment to help deliver the goals of the Paris Agreement and ensure a just transition to a net-zero and resilient economy.

NZICI is endorsed by the Race to Zero, with members required to commit to its strict criteria, and managed globally by the Investment Consultants Sustainability Working Group, represented by both UK and U.S. consulting firms, and PRI.