The Net-Zero Export Credit Agencies Alliance (NZECA) Target Setting Protocol provides guidance to export credit agencies (ECAs) and export-import (ExIm) banks on setting net-zero targets and putting them into action to accelerate their decarbonisation ambitions. This first version of the Protocol provides guidance to members on setting long-term and intermediate science-based climate targets and related disclosures, helping members to fulfil the commitments they have made. 

It builds on the experience of other financial institutions on the path to net zero and provides guidance on setting targets that are ambitious within their operational context. This is critical in ensuring that ECAs and ExIm banks can meaningfully participate in the net zero transition without compromising their core mandate of enabling exports and promoting economic growth.

While the Protocol is primarily developed for setting NZECA members on the path to net zero, it is can also be used by a wide variety of ECAs and ExIm banks from around the world to accelerate the decarbonisation of international trade globally. It also accounts for the global diversity and specific features of ECAs and ExIm banks as both financial and government institutions.

The Protocol reflects the current state of the Alliance’s development. It is intended as a living document that will be subject to periodic updates as expertise in the area accumulates and the Alliance membership grows.