The Net Zero Asset Managers (NZAM) has been beset with resignations, and in turn has undertaken a review which mean that signatories commit to support investing aligned with the global goal of net-zero greenhouse gas emissions as outlined in the Commitment Statement, but, critically, ditches the goal of being net-zero by 2050, or any defined date.

The updated Commitment Statement has now been shared with NZAM signatories, and the organisation will resume target and implementation support activities in January 2026, alongside the re-listing of signatories on our website.

NZAM notes that transition-related opportunities could grow from $2tr today to up to $60tr by 2050. Over the same period, the world’s largest companies could accrue nearly $25tr in cumulative financial impacts due to changing climate hazard exposures.

Faith Ward, chief responsible investment officer for Brunel Pension Partnership commented: “NZAM is a readily available, credible mechanism for asset managers to demonstrate client alignment with climate objectives and net-zero commitments. Ensuring this alignment sits at the heart of Brunel’s philosophy and underpins how it evaluates asset managers and strategic partners. Industry coalitions like NZAM are critical to delivering efficient, effective climate action at scale, and we strongly support frameworks that raise the standard for consistency, transparency and real-world implementation.”

---