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Listed Equity & Corporate Fixed Income

Below is NZIF 2.0 implementation guidance for listed equity & corporate fixed income assets. For approaches to achieving the asset level targets and more detailed guidance, please click on the NZIF 2.0 guide below.

Alignment targets
  • Asset alignment target: A 5-year target for increasing the % of AUM in material sectors that are ‘aligning’ or ‘aligned’ to a net zero pathway, or achieving net zero’.
  • Engagement threshold target: A minimum proportion of financed emissions are assessed as achieving or aligned to a net zero pathway, or are subject to engagement.
Scope
  • At a minimum it is recommended that material companies are those covered by sectors in NACE code categories: A-H and J-L.
Criteria underpinning alignment assessment
Key
  • Green ticks represent when a criterion is required to be fulfilled for a particular alignment category to be obtained.
Criteria
Committed to aligning
Aligning to a net zero pathway
Aligned to a net zero pathway
Achieving net zero

Asset with emissions intensity required by the sector and regional pathway for 2050 and whose operational model will maintain this performance.

Emissions performance: Current absolute or emissions intensity is at least equal to a relevant net zero pathway.

Capital allocation alignment*: A clear demonstration that capital expenditures are consistent with a relevant net zero pathway.

Decarbonisation plan*: A quantified set of measures exists to achieve short and medium term science-based targets by reducing GHGs and increasing green revenues, when relevant.

Disclosure: Disclosure of operational scope 1, 2 and material scope 3 emissions.

Targets: Short and medium term science-based targets to reduce GHG emissions.

Ambition: A long term goal consistent with the global goal of achieving net zero by 2050.

*Additional alignment criteria that a corporate within a high impact material sector needs to meet.

Related links

Net Zero Engagement Initiative

Set up to build on and extend the reach of investor engagement.

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Net Zero Asset Managers

Asset managers committed to aligning investments with net zero by 2050 or sooner.

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Paris Aligned Asset Owners

Asset owners committed to transition investments to achieve net zero by 2050 or sooner.

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Investor strategies

Helps members to effectively integrate climate risks and opportunities.

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