Committed to Net Zero

Why service providers?

Service providers are an essential part of finance sector action on climate change. NZFSPA is made up of four groups with a vital and connected role to play.

Auditors build trust and confidence in information through the assurance services they provide on company-prepared financial information.

Exchanges run and maintain critical infrastructures and networks connecting investors, issuers and regulators. They act as influencers, educators and information gateways.

Index providers give real-time information about market performance. This is a key input for passive investment products and active investment funds strategies.

Research and data providers develop the research and data needed by all links in the investment chain. They also engage with and educate their clients, corporate issuers, and others.

How does NZFSPA work?

Each NZFSPA group translates the alliance’s eight-point commitment into a voluntary, non-prescriptive framework for net zero targets, taking into account technical elements specific to their group.

Individual members then use their group’s framework as guidance to set net zero targets that are appropriate for their own organisation and services, based in the best available science.

Targets are expected to be published within 12 months of the framework being launched or, for new members, within 12 months of joining. A public report against individual-level targets is expected from each member within a further 12 months.

Members are held to account over their work through public disclosure of individual targets and reporting against these.