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Last month, the Net-Zero Asset Owner Alliance (NZAOA), an alliance of asset managers committed to transitioning their investment portfolios to net-zero greenhouse gas emissions by 2050, released the third edition of its Target Setting Protocol, which identifies and describes NZAOA’s approach to target setting and reporting. The first two editions focused on the years 2020-2025, and 2030, respectively. The recently published third edition updates the prior protocols to account for “the latest science, expands methodological coverage across asset classes, provides further details for some of the Alliance’s four target types, and adds chapters on carbon removals and just transition.”