The influential UN-convened Net-Zero Asset Owner Alliance wants proposals for a global baseline for climate-related disclosures tightened up, including the separate reporting of methane emissions. The NZAOA – a group of 74 leading institutional investors managing $10.6tn in assets – also maintains that different industry metrics are required from the most energy-intensive sectors, including oil and gas.
The NZAOA comments come in response to the consultation launched by the International Sustainability Standards Board, which developed the important global baseline proposals.