2022-09-24-联合国环境署-净零资产所有者联盟的第二份进度报告_推进脱碳目标的实现（英）_63页_1mb

Analysis and Summary of the Net-Zero Asset Owner Alliance Progress Report (2022)

Key Findings and Overview

The Net-Zero Asset Owner Alliance (‘Alliance’) comprises 74 institutional investors with combined assets under management (AUM) of US$10.6 trillion, dedicated to transitioning investment portfolios to net-zero greenhouse gas emissions by 2050, aligned with a 1.5°C warming pathway. This advancement report highlights the Alliance’s structured approach to achieving this goal through four-part target setting (sub-portfolio, sector, engagement, and financing transition targets) and robust accountability mechanisms [1].

Commitment and Structure

The Alliance’s core commitment, outlined in its 2022 document, requires members to set intermediate targets every five years, aligned with Article 4.9 of the Paris Agreement, while prioritizing proactive engagement and policy advocacy for systemic decarbonization [Box 1]. The Steering Group, composed of regional representatives from major asset owners, sets the strategic direction, while four working tracks (Monitoring, Reporting and Verification; Financing Transition; Engagement; and Policy) drive operational efforts [1-3].

Target Setting and Expansion of Protocols

The second edition of the Alliance’s Target Setting Protocol (2022) increased the ambition of emission-reduction targets for 2025, covered additional asset classes, and adapted methodologies for broader applicability, such as the One Earth Climate Model (OECM). As of 2022, 44 members reported targets covering US$7.1 trillion in AUM, with many setting sub-portfolio targets (up to 41 members covering US$3.3 trillion) [7].

Progress and Real-World Impact

Alliance members are demonstrating leadership through engagement with corporate and sectoral targets. In 2022, engagement with companies more than tripled (122 companies versus 35 in 2021), and sector-specific targets were set by nine members to improve decarbonization within investments. Case studies, including Danica Pensions and Swiss Re, exemplify how sector targets and sub-portfolio commitments drive tangible progress toward decarbonization [8-9].

Accountability Systems and Collaboration

The Alliance employs a rigorous accountability mechanism (“follow guidance or explain”), utilizing peer reviews and a traffic light system (yellow, orange, red) to address non-compliance. Engagement with policymakers remains critical to advocate for measures like carbon pricing and climate-related financial disclosures [7].

Financing Net-Zero Transition

Financing transition targets increased from 2021, with Climate Solutions investments reaching US$253 billion (a 190% increase). The Alliance promotes blended finance vehicles and partnerships with institutions like the EIB to unlock investments in emerging markets, ensuring the transition is both inclusive and equitable [6].

Recommendations and Remaining Challenges

The Alliance remains committed to expanding its reach and influence ahead of COP27. Key recommendations include advocating for international cooperation, robust climate finance tools, enhanced policy frameworks, and inclusive strategies that address social equity and justice [18].

Conclusion

The Alliance’s coordinated action demonstrates significant strides toward net-zero transition, but further systemic collaboration—especially between asset owners, policymakers, and investors—is critical to accelerate global decarbonization by 2050. Urgent policy support and financial innovation remain pivotal to achieving this vision [20].

[1] Alliance Governance and Accountability Framework
[2] Protocol for Target Setting (2022)
[3] Growth of Membership (Figure 1)
[4] Case Studies: CalPERS, Swiss Re, Danica Pensions
[5] Financial Sector Initiatives (e.g., GFANZ, NZAM)
[6] Climate Solution Investments (Figure 13-16)
[7] Engagement and Corporate Impact (Figure 11)
[8] Policy Advocacy (Position Papers, Carbon Pricing)
[9] Accountability Mechanism (Figure 3-4)
[10] Future Work Streams (Blended Finance, Climate Benchmarks)
[11] References