The UN-convened Net-Zero Asset Owner Alliance has released the Inaugural 2025 Target Setting Protocol after consultation on the draft, issued in October 2020.

The Protocol explicitly sets out how individual members will set short-term targets, to be achieved in the next five years. Alliance members have used IPCC 1.5^oC no- and low-overshoot pathways to inform their targets under the Alliance 2025 Protocol. By laying out four different categories of targets — sub-portfolio, sector-level, engagement and financing transition — the Protocol carefully balances scientific ambition, active ownership engagement, and divestment constraints.

For media inquiries, please contact Oliver Wagg.

For inquiries on the content of the Protocol, please contact Jesica Andrews.