Diabetic nephropathy (DN) is a long-standing complication of diabetes mellitus and is responsible for more than 40% of end stage renal disease cases in developed countries. Unfortunately, conventional renin-angiotensin-aldosterone system (RAAS) inhibitor medications only partially protect against the development and progression of DN. Moreover, RAAS inhibitors have failed as primary prevention therapy in type 1 diabetes. Thus, agents targeting alternative pathogenic mechanisms leading to DN have been intensively investigated. Promising emerging agents have targeted neurohormonal activation (alternative components of the RAAS and neprilysin inhibition), tubuloglomerular feedback mechanisms (sodium glucose co-transporter 2 inhibition and incretin-based therapy) and renal inflammation/fibrosis. The aim of this article is to review available evidence demonstrating the potential of these agents to protect and prevent progression of DN.