The Net Zero Asset Managers (NZAM) initiative today announced its official relaunch, with more than 250 asset managers signed on to the updated Commitment Statement. The strong investor backing for NZAM signals that asset managers around the world continue to recognise and take steps to address climate-related financial risks and opportunities.
NZAM provides asset managers with a platform to publicly disclose their individual net zero commitments and implementation approaches. Signatories independently set targets, develop their own strategies, and report annually on progress.
“Asset managers participating in NZAM send a strong signal to clients, regulators, and other key stakeholders that they are forward-looking, transparent investors, committed to managing climate-related financial risk and opportunity,” said Rebecca Mikula-Wright, Chair, NZAM’s Steering Committee.
NZAM has also received strong support from the asset owner community, including a public statement from a group of 50+ asset owners representing over USD 3.7 trillion in assets. The statement calls on asset managers to participate in NZAM, noting the initiative is aligned “with key principles that help guide best practice investment strategies”.
A new chapter for NZAM
Five years on from its inception, NZAM’s updated Commitment Statement reflects feedback from signatories and stakeholders during a six-month strategic review.
The updated Commitment Statement is relevant, practical, and globally inclusive. It remains anchored in the objectives of the Paris Agreement and the global goal of achieving net zero emissions, while also reflecting diverse jurisdictional realities and maintaining alignment with leading methodologies. It includes greater clarity about dependencies and limitations, and streamlines commitment actions from ten to seven to better define the levers available to asset managers seeking to implement their individual commitments.
Why NZAM matters for asset managers
In a complex and evolving investment landscape, NZAM offers:
- A globally recognised platform for voluntary, public target disclosure on climate with implementation support
- Market differentiation through credible, comparable disclosure of climate-related information
- Client alignment by demonstrating how climate-related financial considerations integrate into fiduciary responsibilities
- Industry leadership positioning to capture emerging opportunities in the energy transition
What’s next
Targets previously disclosed by signatories remain valid and have been republished unless signatories requested reviews. NZAM is working with signatories whose targets are still currently in process, supporting them to complete disclosures within the next 12 months.
“Since its inception, NZAM has helped improve market transparency and increase alignment between asset managers and their clients’ expectations. The strong participation in today’s relaunch reflects the value NZAM signatories find in having a credible platform to demonstrate to their clients how they are addressing climate-related financial risks and capturing transition opportunities. We look forward to continuing our support for this vital platform, which enables asset managers to respond to evolving client expectations and meet their fiduciary responsibilities in a rapidly changing regulatory and market environment.” – Rebecca Mikula-Wright, NZAM Steering Committee Chair
About NZAM
Net Zero Asset Managers (NZAM) is a voluntary initiative for asset managers committed, in their individual contexts, to supporting investing in line with the global goal of net zero greenhouse gas emissions. It provides a platform for voluntary commitments and public disclosures of individual net zero targets and implementation strategies. Through these disclosures, signatories demonstrate how they are addressing climate-related financial risks and capturing the opportunities presented by the transition to a low-carbon economy for their clients and beneficiaries.
