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Investors may not replace 2030 targets, says Nordea AM

As 2030 approaches, many asset managers and owners may not replace their near-term sustainability targets, as they focus instead on longer-term goals, according to Nordea Asset Management.

'Hopefully NZAM is stronger after US departures'

The suspension of the Net Zero Asset Managers Initiative (NZAM) was a shock, particularly as some asset managers were waiting to sign up, according to ABN AMRO Investment Solutions, but it is hopeful the initiative will emerge stronger.

Why asset managers are walking away from NZAM

More than 70 asset managers have either left the Net Zero Asset Managers initiative (NZAM) or are taking an extended review period despite a recent relaunch, Environmental Finance understands.

NZAM survives after relaunch drops 1.5°C target

The Net Zero Asset Managers initiative (NZAM) is set to continue after dropping a key commitment to limit global warming to 1.5°C, to help asset managers meet their fiduciary responsibilities "in a rapidly changing regulatory and market environment".

NZAM commitment 'close to meaningless' after dropping 2050 goal

The Net Zero Asset Managers Initiative (NZAM) has dropped requirements for signatories to eliminate portfolio emissions by 2050 to a more broad-based commitment that has been described as rendering it "close to meaningless".

Net Zero Asset Managers initiative observes rise of 'bespoke targets', as membership swells

The Net Zero Asset Managers (NZAM) initiative has noted a rise in signatories setting decarbonisation targets using their own 'bespoke' methodologies, as the group swelled to 325 signatories representing about $57.5 trillion in assets under management.

Four largest asset managers 'backed only a fifth of 2022 climate resolutions'

NZAMI reaches $66trn

'Broken' targets of Net Zero Asset Managers initiative criticised

Portfolio emissions targets made by members of the Net Zero Asset Managers initiative (NZAM) are "broken", according to a new report.

GAM sets 2030 decarbonisation targets for $12.5bn portion of assets

Swiss asset manager GAM Investments has set decarbonisation targets for 36% of its investment management assets - but said methodology and data issues restricted it from setting comprehensive targets.