Paris Aligned Asset Owners

IIGCC launched the Paris Aligned Asset Owners commitment alongside the publication of the first iteration of the Net Zero Investment Framework in March 2021. At the same time, we announced that three other regional partners were joining to ensure global relevance and to support those making commitments and setting targets under the initiative. PAAO is supported by four network partners: AIGCC, Ceres, IGCC and IIGCC.

Asset owners are particularly exposed to the financial risks of climate change, with growing pools of assets invested for the long-term interests of millions of beneficiaries. PAAO is distinctive from other investor initiatives, with the majority of signatories being pension funds and superannuation funds.

Consistent with their fiduciary obligations to clients and beneficiaries to manage financial risk and to maximise long-term value of assets, PAAO signatories have made individual commitments to transition their investments to achieve net zero portfolio greenhouse gas emissions by 2050, or sooner, drawing on the Net Zero Investment Framework to deliver these commitments.

• Paris Aligned Asset Owner Commitment Statement

• Net Zero Investment Framework

• Net Zero Investment Framework: Implementation Guide