The updated criteria issued on Wednesday by the 'Race to Zero' campaign are important as they will be reflected in the obligations of a range of partner organisations marshalling the climate efforts of various sectors, from banks to insurers and asset managers.
Members would also, for the first time, be required to align their lobbying and advocacy activities with net-zero by "proactively supporting" climate policies at the sub-national and national level "consistent with the Race to Zero criteria". "They will clearly show those actors who are truly moving ahead versus those who are trying to find loopholes."
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