The Asset Management Association Switzerland (AMAS) has joined the Net Zero Asset Managers Initiative (NZAMI) and is taking a leading role in the Swiss asset management industry to achieve the goal of reducing greenhouse gas emissions to net zero by 2050 (or earlier). By joining, AMAS is supporting the recommendations of the Swiss Government.
As one of the first industry associations, the Asset Management Association Switzerland (AMAS) has joined the Net Zero Asset Managers Initiative (NZAMI). NZAMI already counts over 24 AMAS members among its signatories.
With its role as Supporting Organisation of the NZAMI, AMAS underlines its claim to achieve a leading position in the area of sustainable financial products with the Swiss financial centre. At the same time, AMAS is implementing the Federal Council's recommendation to financial market players to join international “net zero alliances".
Since December 2020, the NZAMI has been joined by 220 globally active asset managers who collectively manage assets of 57,000 billion dollars, which is more than half of all assets under management worldwide. The asset managers in the NZAMI have committed to reducing greenhouse gas emissions to net zero by 2050 (or earlier) in their investment decisions to help limit global warming to 1.5 degrees centigrade.
AMAS will actively promote this important initiative among its approximately 190 members and in the Swiss asset management industry, with the aim of being able to commit as many players as possible to achieving the climate targets. At the same time, in line with the Federal Council's subsidiary approach, AMAS aims to create transparency, promote sustainability impact and avoid greenwashing in sustainable financial products and in client portfolios through the development of self-regulatory guidelines and industry standards.
More information: Asset Management Association Switzerland | Press releases (am-switzerland.ch)