GFANZ + Net-Zero Sector Alliances (NZBA, NZAOA, NZAM)

Indian use case

Indian signatories include several large asset managers and a small number of banks. NZBA target-setting methodology shapes how Indian banks measure financed emissions (often paired with PCAF) and structure transition plans.

Key points

• NZBA target-setting protocol v3 (2024) covers sectors with pathway-aligned targets.
• NZAOA Target-Setting Protocol revised annually; tightening on emerging-market exposures.
• GFANZ transition-plan reference framework feeds into ISSB and TCFD disclosures.
• GFANZ restructured Oct 2025 after corporate departures; sub-alliances continue under new governance.

Sources

• GFANZ
• Net-Zero Banking Alliance
• Net-Zero Asset Owner Alliance
• Net Zero Asset Managers initiative