The NZIA Target-Setting Protocol serves as a voluntary best practice guide to aid in the accurate measurement, standardisation, and comparability of science-based decarbonisation targets for insurance and reinsurance underwriting portfolios and to enhance overall transparency and accountability across the insurance industry on climate action.
Insurance market participants may, and are encouraged by UNEP, to use the NZIA Target-Setting Protocol and the methodologies it outlines, which aid the measurement, standardisation, and comparability of science based decarbonisation targets for their respective insurance and reinsurance underwriting portfolios in line with a net-zero transition pathway.