In terms of how AOA plan to reach its targets, the alliance is clear that it wants to achieve a change in the economy and to have positive climate impact.
There are several aspects to this.
The members require inputs from scientists, climate models and scenarios to define the pathways for individual assets. For some assets that are directly owned, for instance real estate, the pathway is straightforward. The members can decide internally to retrofit or refurbish these assets to steer them to the path to net-zero emissions. However, with other assets such as publicly-listed companies, the way forward is reaching out to their leadership and discussing their approach to sustainability.
Wherever possible, the AOA recommends that its members use science-based targets and methodologies. The members are responsible for employing the recommended science-based criteria outlined in the protocol. If they chose an alternative target or methodology from the range of options discussed in the protocol, they should explain why.
The protocol has undergone testing by asset owners in their portfolios. Several alliance members will set large reduction targets, while others have already made substantial progress in their journey to net-zero in recent years. Therefore, the reductions required for their portfolios will be at the lower end of the range.