Supporter role: Green Finance Alliance and NZAOA

A constructive dialogue between the Green Finance Alliance and the Net-Zero Asset Owner Alliance (NZAOA) is set to leverage synergies and ensure better understanding of sustainable finance. As a pioneering government initiative, the Green Finance Alliance will now begin an institutionalised dialogue with the internationally renowned UN-convened NZAOA.

In order to achieve the Paris climate goals, effective and timely measures are needed at both regional and global level. Within the financial sector, voluntary initiatives that fight climate change make a significant contribution by developing innovative market standards and providing financial players with helpful guidance. In addition to voluntary and transparent measures, mandatory measures are also becoming increasingly important. The Green Finance Alliance combines these two areas by subjecting its voluntary members to annual independent monitoring based on mandatory criteria.

Net-Zero Asset Owner Alliance (NZAOA)

Convened by the United Nations Environment Programme Finance Initiative (UNEP FI) and the Principles for Responsible Investment (PRI) in 2019, NZAOA is an initiative of institutional investors (primarily insurance companies and pension funds) led by its members. They have committed to transforming their investment portfolios to net-zero greenhouse gas emissions by 2050, in line with the 1.5 degrees Paris climate target.

Further information: UN-convened Net-Zero Asset Owner Alliance (→

Green Finance Alliance as a supporter of NZAOA

Both the Green Finance Alliance and NZAOA are pursuing the same long-term goal: clear guidelines and professional support to help members fully decarbonise their portfolios by 2050. The Green Finance Alliance's official role as a supporter of NZAOA creates the basis for promising, professional cooperation and a mutual exchange of experience – all in hope of achieving the Paris climate goals faster together.