Wednesday 25 February, 2026 – 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.
Media Contact
media@netzeroassetmanagers.org
Signatory Quotes
Dan Grandage, Chief Sustainable Investment Officer, Aberdeen Investments:
“We are supportive of the new client-centric NZAM commitment statement, which strengthens our ability to act transparently and responsibly on behalf of our clients. Moreover, the new statement reflects the evolution of climate investing from an original focus on decarbonising portfolios, towards a broader set of approaches that includes decarbonisation alongside, transition investing, climate solutions, adaptation and resilience. This recognises that these frameworks have complementary strengths across different asset classes, investment styles, and client objectives, supporting a more sophisticated mix of climate investment integration. The new commitment also underscores the productive role stewardship plays in managing financially material climate‑related risks and opportunities. Our priority remains delivering robust outcomes for our clients through the credible and transparent integration of these climate investment frameworks.”
Maureen Schlejen, Chair of the Achmea Investment Management Board:
“We welcome the relaunch of the NZAM initiative in which we continue to participate. For Achmea Investment Management, this reaffirms our commitment to actively contributing to mitigating climate change and creating sustainable long term value for our clients.”
Stefanie Drews, President and CEO, Amova Asset Management:
“The NZAM relaunch comes at the right time: ambition remains high and our direction intact. This pragmatic approach gives asset managers clarity and flexibility to deliver credible, locally aligned decarbonisation that supports our clients’ long-term objectives. It strengthens the architecture for an inclusive and resilient path ahead and we are proud to stand with our peers taking it forward.”
Jean-Jacques Barbéris, Head of Institutional and Corporate Clients division & ESG, Amundi:
“Joining NZAM in 2021 and signing again today underscores Amundi’s ongoing commitment to support clients manage energy‑transition risks and seize climate-related opportunities. From the start, we have been convinced that portfolio alignment, stewardship and private capital mobilization must be pursued in the interests of our clients, savers and asset owners worldwide. By prioritising solutions that reflect clients’ sustainability preferences, and by maintaining active stewardship to support the transition to a low-carbon economy, Amundi delivers practical, consistent support as investors confront evolving economic realities.”
Maria Luisa Gota, CEO and General Manager, Eurizon Capital SGR S.p.A.:
“We believe in the value of NZAM and are delighted to reaffirm our commitment.”
Sergio Gusmão Suchodolski, CEO, Fama Re.Capital:
“Financial markets are powerful builders of a resilient future economy and can play a critical role in supporting the global goal of net zero greenhouse gas emissions, as stated in the Paris Agreement. At Fama Re.Capital, we embrace our responsibility in line with our fiduciary duties to advance this transition while pursuing sustainable long-term investment outcomes for our clients and beneficiaries.”
Matteo Cattaneo, CEO and Managing Director, Fideuram Asset Management Ireland dac:
“Fideuram Asset Management Ireland dac, in the best interest of its clients, confirms the participation to the initiative, recognizing that an approach capable of mobilizing expertise and capital across the entire value chain can support a transition generating positive impacts on the economic system.”
Edward Mason, Partner, Head of Public Markets Engagement, Generation Investment Management:
“NZAM has completed a thorough review process with outstanding engagement from signatories. We believe NZAM remains the robust route for asset managers globally to be clear and transparent about how they manage climate-related financial risks and opportunities on behalf of clients. Generation is pleased to remain a signatory and looks forward to participating in NZAM’s next chapter.”
Luz Martinez, Head of Sustainability, ILX Management:
“ILX strongly welcomes the relaunch of the Net Zero Asset Managers (NZAM) initiative. We remain fully committed to delivering on our commitments and to contributing meaningfully to NZAM’s renewed efforts.”
Ian Simm, CEO, Impax Asset Management:
“Impax has reaffirmed its commitment to NZAM – we believe that managing climate‑related financial risks is fundamental to delivering resilient, long‑term value for our clients.
“The updated Commitment Statement reflects our approach: set clear and transparent targets and deliver these through targeted investments, robust governance, and engagement with policy makers on the optimal approach to realising the goals of the Paris agreement.
“Impax values NZAM’s role in highlighting the climate-related risks facing all investors and in advancing the action needed to address these risks across the global economy.”
Jeanne Michon-Savarit, Head of Sustainability, Infranity:
“The refreshed NZAM framework reinforces the positive direction of travel within the industry, supporting asset managers in integrating climate considerations in a credible and transparent way. At Infranity, we see this as an important enabler for identifying long‑term transition opportunities while managing climate‑related risks in line with our clients’ objectives.”
Julia French, Responsible Investor Manager, Local Pensions Partnership Investments (LPPI):
“The updated statement recognises our fiduciary responsibilities and better reflects the practical realities of putting a net zero commitment into practice today. Ultimately, it strengthens our ability to meet the long-term financial goals of our Partner Funds. We’re looking forward to the initiative getting back up and running.”
Alison Chan, Head of Responsible Investment and Sustainable Finance, Metrics Credit Partners:
“We welcome the 2025 NZAM review, which strengthens the focus on real‑world impact and balances ambition with practical implementation. This provides investors with confidence that NZAM can support meaningful climate outcomes alongside strong long‑term performance, and underpins Metrics Credit Partners’ recommitment to the initiative.”
Jamie Bonham, Head of Responsible Investing, NEI Investments:
“At NEI Investments, we are proud to reaffirm our commitment to the Net Zero Asset Managers (NZAM) initiative as it enters a new chapter. As part of this global effort and in the best interests of our clients, we remain dedicated to driving meaningful progress toward a net-zero future.”
Eric Pedersen, Head of Responsible Investments, Nordea Asset Management:
“This is an important moment for asset managers to reaffirm their climate commitments. The updated NZAM framework recognizes that managing climate-related financial risks is integral to serving clients’ long-term interests, and that through their product offerings, active stewardship and transparent disclosure, signatories can demonstrate how they are managing material climate risks and opportunities. This initiative remains an important mechanism for accountability and progress in our industry, and we look forward to continuing our work alongside fellow signatories to advance climate-aligned investment practices.“
David Lewis, CIO, Pathfinder:
“At Pathfinder, we see climate change (global warming) as an immense threat to the future of our society and ecosystems. Therefore, assessing risks and opportunities related to climate change is a critical part of our investment strategy.
To bring this to life requires a range of tools including targets, disclosures, governance, and stewardship. Having a public commitment makes it clear to us, our clients, and broader stakeholders the importance we attach to this work. NZAM, underpinned by related frameworks such as NZIF, provides a credible, internationally recognised approach for us to take this from policy to implementation.”
Bruce Keith, Co-Chief Sustainability Officer, Régia Capital:
“NZAM’s renewed commitment — recognizing the net zero transition as one of the defining investment opportunities of our time — validates exactly what Régia Capital was built to do. By joining this initiative, we reaffirm our intent to shape investment strategies that actively accelerate the transition to a resilient, low-emission economy, anchored in science-based climate ambition and long-term value creation through responsible capital stewardship. We are positioned to channel global capital into the nature-based solutions, carbon markets, and climate-smart economies of the Global South — where the largest opportunities and the greatest urgency converge.”
Natasha Landell-Mills, Head of Stewardship, Sarasin & Partners LLP
“Sarasin & Partners LLP is pleased to reaffirm its support for the refreshed NZAM Commitment. At a time when multilateral endeavour is under attack and geopolitics increasingly fractious, the renewal of investors’ commitment stands out. Weremain committed to playing our part because we know that without a healthy planet, we cannot expect to deliver sustainable returns for all our clients.”
Emine Isciel, Head of Climate and Environment, Storebrand Asset Management:
“The relaunch of NZAM marks a mature, adaptive phase for sustainable finance. By embracing a flexible framework that reflects diverse jurisdictional realities, NZAM supports asset managers to maintain high climate ambition while delivering on their individual fiduciary duties and navigating the evolving global investment landscape.”
Takeshi Wada, CPA, Sumitomo Mitsui Trust Asset Management:
“We joined NZAM in July 2021. Since then, we have been actively engaged in addressing financial climate change issues. Now, we appreciate NZAM’s new commitments and we look forward to promoting NZAM’s activities in Asia and supporting our clients to deliver on their climate goals where consistent with our fiduciary duties and, where applicable, client mandates, fund investment objectives and other legal obligations.”