Nordic pension investors have committed to carbon neutral portfolios by 2050 as part of a new asset owner campaign.Members of the alliance will set and publicly report on intermediate targets “in line with Article 4.9 of the Paris Agreement”, thereby holding themselves publicly accountable, according to a statement about the new initiative...In terms of how the goal of carbon-neutral portfolios would be achieved, the statement said that members of the alliance would immediately start to engage with investee companies to ensure they decarbonised their business models...The Net-Zero Asset Owner Alliance was announced today at the UN Climate Action Summit in New York.It was initiated at the beginning of 2019 by Allianz, Caisse des Dépots, Caisse de dépôt et placement du Québec, Folksam Group, PensionDanmark and Swiss Re. Alecta, AMF, CalPERS, Nordea Life and Pension, Storebrand, and Zurich have also joined as founding members...The latest global investor statement to governments on climate change was signed by 515 investors managing $35trn (€32trn) in assets, and called on governments to phase out thermal coal power worldwide, put a “meaningful” price on carbon pollution, end government subsidies for fossil fuels, and update and strengthen national action plans to meet the emissions reduction goal of the Paris Agreement no later than 2020.