RLAM re-commits to Net Zero Asset Managers initiative
Royal London Asset Management (RLAM) has reaffirmed its membership of the Net Zero Asset Managers initiative (NZAM) following changes to the framework.
NZAM was relaunched at the start of 2026 with a new commitment statement that has removed references to 2050 and 1.5 degrees targets. It follows a suspension of activities in January amid a number of US firms, including BlackRock and Vanguard, exiting the initiative.
NZAM announced it would be carrying out a review to ensure the signatory commitments remained fit for purpose in a global context.
The review engaged “hundreds of stakeholders”, according to a NZAM statement, including signatories, non-signatories and asset owners and the updated text reflected feedback for a clear, globally inclusive framework that retains ambition and continues to be practical in an evolving landscape, as PA Future reported last year.
See also: Investors must not back down on climate action
While there was some criticism the text had been diluted, RLAM has reaffirmed its membership and said the “less prescriptive” changes from the previous version create a “durable, pragmatic structure” that “accommodates differing regulatory, contractual, and fiduciary contexts across markets”.
Carlota Garcia-Manas, head of climate transition and engagement, RLAM, commented: “We remain fully committed to supporting the goals of the Paris Agreement and to managing climate‑related financial risks in the best interests of our clients.
“To reinforce this commitment, we will pursue an NZAM+ strategy, maintaining the ambition and integrity of our existing climate commitments even where elements of the updated NZAM framework provide greater discretion. This approach ensures continuity in our long‑term climate objectives, which are informed by climate science, while aligning with our fiduciary, legal and client‑mandated responsibilities.
“We will continue to integrate climate considerations into investment processes, engage with companies and policymakers to continue supporting the goals of the Paris Agreement, and provide transparent reporting to support an orderly and economically sound transition.”
See also: Does membership of the Net Zero Asset Managers initiative matter to fund selectors?