Net Zero Alliance turns into 'empty shell' after dropping requirement to set targets

Members will be accountable for setting their own targets

Jaskeet Briah
clock • 2 min read

The Net Zero Alliance (NZIA) has dropped the requirement for its members to set or publish their targets for reducing insured emissions, after a string of departures from insurers this year.

Going forward, each member will be responsible and publicly accountable for setting their own targets, the NZIA stated. Members will also be in charge of setting their own methods to achieve targets, the timeline which they decide to publish targets, and any progress made to meet these targets. As before, NZIA members who publish their own decarbonisation targets and timelines will do so at their own merit, and the NZIA target setting protocol will serve as a voluntary best practice. Insure Our Future, a global campaign aimed at holding the insurance industry accountable for its role ...

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