A $9.5 trillion investor group that includes Allianz, Legal & General and the California Public Employees’ Retirement System said greenhouse gas emissions enabled by its members’ lending and investment activities declined for the first time, albeit modestly.
In its latest annual progress report published Wednesday, the Net-Zero Asset Owner Alliance said total absolute financed greenhouse gas emissions for its 86 members fell 3.5% to 213.4 million tons of carbon dioxide equivalent in 2022 from 221.2 million tons a year earlier.
