CoAct Database

Net Zero Transition Charter

The Charter serves to encourage organizations to make public net-zero emissions pledges and targets, underpinned by high integrity and quality, produce credible and transparent transition plans, and publish periodic, accurate, complete, and transparent reporting on their progress. By signing the Charter, private sector entities will certify their adherence or their commitment to adhere to the following: 1) Publicly set 1.5 degree aligned, science-based, credible and transparent Net Zero 2050 and interim emissions reduction targets, either through a net-zero aligned national pledge or an internationally recognized net-zero initiative that holds members to account for their net-zero pledges, or individually following a commensurate scope and level of ambition with public, third-party validation of their pledge through a generally accepted science-based review process: those who have already made pledges as outlined above do not need to re-commit. 2) Produce a credible net-zero transition plan, by or within one year after the conclusion of COP28. 3) Publicly report annual GHG emissions and progress on their net-zero commitment and transition plan, including through high quality platforms that feed into the UNFCCC Global Climate Action Portal. 4) Report on emission data and reduction pathways, validation done through self-attestation or an independent third party.