Net Zero Financial Service Providers Alliance (NZFSPA) Exchange Group’s Net Zero Target-Setting Guidance

Open Resource

Year Published

2023

Contributing Organizations

Net Zero Financial Service Providers Alliance Exchange Group

United Nations Sustainable Stock Exchanges (UN SSE)

Type of Resource

Guidance

Languages

English

Arabic

Relevant Topics

Core Topic

Target Setting

Topic 2

Climate & Transition Finance

Target Audience

Advisors & Consultants

Financial Services Providers

Relevant Geography

Global

Open Resource

Resource Description

This resource provides voluntary guidance for stock exchanges in the Net Zero Financial Service Providers Alliance (NZFSPA) to set targets aligned with net zero goals.

Why This Matters

Stock exchanges play a critical role in shaping capital markets. This guidance supports them in advancing credible net zero action across both their operations and the markets they serve.

Key Insights

Defines two target categories: exchange-focused (eg governance, emissions, disclosure) and market-focused (eg transparency, products, policy engagement)
Recommends starting with baseline actions like public emissions disclosures and climate governance, with progression over time
Encourages phased implementation based on exchange size, role, and jurisdictional context
Suggests promoting mandatory climate disclosures, annual climate training, and stakeholder engagement
Recommends supporting climate-aligned markets through product design and transition plan engagement

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