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In brief: Campbell Lutyens joins net-zero alliance

The newly-formed alliance commits members to report at least annually on progress against targets.

Placement firm and secondaries adviser Campbell Lutyens is among the 17 founder members of the United Nations Net Zero Financial Services Provider Alliance, the firm said on Wednesday. Like other UN-backed net-zero alliances, such as this one for asset owners, and this one for asset managers, it commits members to achieve net-zero greenhouse gas emissions by 2050 in line with the Paris Agreement.

Specifically the service providers alliance commits signatories to meet eight different standards, including: setting interim targets for carbon emission reduction across both the firm’s operations and its products/services; advocating to various stakeholder groups the importance of net-zero initiatives; and reporting progress at least annually in line with the Taskforce on Climate-related Financial Disclosures.