Our net-zero goal

Net zero means that the assets in a portfolio, in total, do not contribute to global greenhouse gas emissions

1. Our path toward net zero

3. Climate action: our progress

2. Climate change risk and opportunity

What is a net-zero goal?

Having a net-zero portfolio means that the assets within the portfolio, in total, do not contribute to a net increase in global emissions.

Our goal is to achieve net zero by 2050. We have set an interim target to first reduce the carbon intensity of our portfolio by 55 per cent by 2030, compared to 2020 levels. This aligns the plan with the objective from the Paris Agreement to restrict global warming to less than 2 ⁰C above pre-industrial levels.

This goal relies on collaboration among global governments, policymakers and companies to continue strengthening policies to meet the overall objectives of net zero by 2050.