UN-convened Net-Zero Asset Owner Alliance - Serving Asset Owner Clients through Climate

UN-convened Net-Zero Asset Owner Alliance Serving Asset Owner Clients through Climate Stewardship: A call to action to the asset management industry 1 Contents | The UN-convened Net-Zero Asset Owner Alliance (“the Alliance”) is a member-led initia- tive of institutional investors with nearly USD 9.5 trillion in assets. [...] The Alliance detailed this perspective in The Future of Investor Engagement2 paper and subsequently outlined specific best practices covering proxy voting,3 policy-related dialogues,4 engagement practices,5 and private market asset managers.6 The principles outlined in these documents call on all asset managers to: ◾ Focus on addressing the systemic risk of climate change: Moving to outcomes-fo- c. [...] The Alliance believes the above principles will improve asset managers’ ability to win and maintain investment mandates of asset owners who recognise the risks climate change poses to their portfolios. [...] The Alliance members call on all asset managers to integrate these best practices in pursuit of long-term economic interest for both asset owners and asset managers. [...] Finally, the Alliance invites all asset manager readers to engage with their clients to support the transition to an economically stable and predictable, net-zero future.