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 read the launch announcement.