To have targets approved by the SBTi, asset owners must include passive funds in carbon estimates.

The Institute for Energy Economics and Financial Analysis (IEEFA) has recommended improvements for the Science Based Targets initiative’s (SBTi’s) draft standards for financial institutions.

The Transition Pathway Initiative Global Climate Transition Centre (TPI Centre) has called on banks to broaden their emission target coverage to include all material financing activities.

The Securities and Exchange Commission (SEC) has pushed the expected adoption of its final climate disclosure rules until April 2024.

The Net Zero Asset Managers initiative (NZAM) has been formally relaunched with more than 250 signatories just over year after the project was paused following the exit of several major institutional investors.

The recent amendment of the European Climate Law marks a decisive moment in the European Union’s climate strategy.

The Net Zero Financial Service Providers Alliance (NZFSPA) has decided to reorganise almost five years since its 2021 launch and conclude activities as a standalone initiative.