Emissions tied to asset owners’ financing activities fall for first time

The Net-Zero Asset Owner Alliance said total absolute financed greenhouse gas emissions for its 86 members fell 3.5% to 213.4 million tonnes of carbon dioxide equivalent in 2022 from 221.2 million tonnes a year earlier. — Bloomberg

NEW YORK: A US$9.5 trillion investor group that includes Allianz SE, Legal & General Plc and the California Public Employees’ Retirement System says greenhouse gas emissions enabled by its members’ lending and investment activities declined for the first time, albeit modestly.

In its latest annual progress report, the Net-Zero Asset Owner Alliance (NZAOA) said total absolute financed greenhouse gas emissions for its 86 members fell 3.5% to 213.4 million tonnes of carbon dioxide equivalent in 2022 from 221.2 million tonnes a year earlier.