The Alliance is committed to tackling global warming and reducing the carbon emissions of their investment portfolios to net-zero by 2050. By doing this, they aim to help limit global warming to 1.5°C compared to pre-industrial times.
The group consists of the world’s largest pension funds and insurers who are responsible for directing more than 2.4 trillion US dollars in investments. They are also joined by the Finance Initiative of United Nations Environment (UNEP FI), the Principles for Responsible Investment (PRI), WWF as well as the Mission 2020 campaign.
Allianz has already committed to fulfil the Paris Agreement in our investment portfolios but we feel the Alliance will start to engage with the companies in which we’re investing to ensure they decarbonise their business models and affect real change.