August 24, 2022
Net zero: financial centre creates transparency on status of voluntary commitment

Switzerland has set itself the goal of reducing its greenhouse gas emissions to net zero by 2050. All sectors of the economy need to contribute actively to achieving that goal.The new study "Setting sail for a carbon-neutral future: Net Zero Insights 2022" creates transparency on the status of the financial centre’s voluntary commitment to net zero for the first time: currently, 62% of the total assets of Swiss Bankers Association (SBA) members are committed to the aims of the Net-Zero Banking Alliance (NZBA). Likewise, 62% of the assets managed by members of the Asset Management Association Switzerland (AMAS) are pledged to the Net Zero Asset Managers (NZAM) initiative, while 48% of the total premium volume of Swiss Insurance Association (SIA) members is covered by the Net-Zero Insurance Alliance (NZIA).There is still a long way to go, but the proportion of financing solutions, assets and insurance premiums committed to the net-zero target is growing.