As risk managers, insurers and investors, the insurance industry has an important role to play in the transition to a net-zero emissions global economy by supporting their clients in taking concrete action to achieve net zero.
This inaugural Protocol outlines NZIA’s recommended approach to target-setting and reporting, as well as how the Protocol is expected evolve in the future.
Version 1.0 of the NZIA Target-Setting Protocol (the Protocol) will enable NZIA members to begin to independently set science-based, intermediate targets for their respective insurance and reinsurance underwriting portfolios in line with a net-zero transition pathway consistent with a maximum temperature rise of 1.5°C above pre-industrial levels by 2100. With the launch of the Protocol, existing NZIA members are required to set and disclose their initial target(s) by 31 July 2023.
Click here to watch the recording of the launch event in Davos.
Click here to read the launch announcement.