2023-10-31-联合国环境署-提高气候雄心_减少排放_净零资产所有者联盟第三次进展报告（英）_56页_968kb

UN-Convened Net-Zero Asset Owner Alliance (NZAOA) Third Progress Report Summary

October 2023
Increasing Climate Ambition, Decreasing Emissions

1. Overview

• Mission: Accelerate the global transition to net-zero emissions and a just economy through investor leadership.
• Membership Growth: 86 members (assets under management: USD 9.5 trillion).
• Key Objectives: Reduce financed greenhouse gas (GHG) emissions and align investments with the Paris Agreement goals.

2. Membership and Target-Setting

2.1 Membership Growth

• Key Findings:
  • 69 members with USD 8.4 trillion in assets under management (AuM) set intermediate targets.
  • Thermal Coal Position Alignment: 97% of members with targets aligned with the Alliance’s position.
• Distribution: Primarily insurance companies (75% of AuM) and pension funds (17% of AuM).

2.2 Target-Setting Framework

• Four Target Types:

  1. Sub-Portfolio Targets: Aim to reduce emissions from equity, debt, and real estate.
  2. Sector Targets: Focus on sectors like oil and gas, utilities, and transportation.
  3. Engagement Targets: Mandated for all members to engage with investees and asset managers.
  4. Climate Solutions Investments: Investments in low-carbon and adaptation projects.

• Key Targets:

  • Average Reduction Goals: 22–32% for 2025 and 40–60% for 2030 in sub-portfolio targets.
  • Climate Solution Investments: USD 380.6 billion invested (buildings and energy sectors dominate).

3. Impact on Emissions Reduction

3.1 Absolute Financed Emissions

• Record-Setting:

  • Combined financed GHG emissions reduced by 3.7 million tCO₂e (from 221.2 mtCO₂e in 2021 to 213.4 mtCO₂e in 2022).
  • Cohort Analysis: Reductions varied by cohort, with the 2019 cohort achieving a 12% reduction (2019–2022).

• Key Drivers: Engagement, real-world emissions reductions, portfolio reallocation, and divestment.

3.2 Sub-Portfolio and Sector Targets

• Ambition Levels:
  • Equity/Debt: Targeted 27–45% reduction by 2025.
  • Real Estate: Averaged 26% reduction; limited by data availability.

4. Engagement and Policy Advocacy

4.1 Engagement Targets

• Remediation Efforts:
  • Corporate Engagement: 37 members target collaborative initiatives like CA100+.
  • Asset Manager Engagement: 34 members focus on alignment with NZAOA goals.

4.2 Policy Advocacy

• Call to Action for COP28:
  • Scale finance reforms to mobilize “billions to trillions” of capital.
  • Strengthen carbon pricing mechanisms and transition finance in Emerging Markets and Developing Economies (EMDEs).

5. Future Recommendations

1. Expand Scope: Incorporate infrastructure and private equity into sub-portfolio targets.
2. Policy Integration: Align national transition plans with net-zero goals.
3. Enhance Gender Parity: Increase female representation in governance bodies.

Key Data

• Members with Targets: 69
• Overall Alignment: 82% fully compliant with the Thermal Coal Position
• Climate Investments: USD 380.6 billion
• Estimated Reduction: 12–20% decrease in financed emissions (per cohort).

This report highlights the Alliance’s commitment to systemic change, with strong advocacy for policy and market reforms to accelerate the global net-zero transition.