The Paris Aligned Asset Owners initiative (PAAO), an international group of asset owners committed to supporting the goal of net zero greenhouse gas emission by 2050 or sooner, has published its first “Progress Report” which describes the steps asset owners are taking to reach their net zero goals and includes 29 case studies.

PAAO also published initial target disclosures for a further 13 asset owners including AP7, Lloyds Banking Group Pensions Trustees Limited and Ilmarinen. Therefore, there are now a total to 40 asset owners (typically pension and superannuation funds) with target disclosures since the initiative launched in March 2021. Since 2021, PAAO has been a partner to the UN Climate Champion’s Race to Zero campaign and a member of the Glasgow Finance Alliance for Net Zero (GFANZ).