When must existing members align with new net-zero rules?

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Existing members have one year to comply with the updated net-zero rules
Updated ‘Race to Zero’ criteria will apply to new joiners from June 15, while existing members are given a one-year window to meet the updated requirements. This means existing participants must align with the tougher standards by June 15 of the following year.
New joiners start under the updated criteria from June 15
The campaign states that the updated standards apply to any companies that join from June 15 onward. These criteria cover requirements for phasing down and then phasing out all unabated fossil fuels, including expectations on how members restrict new fossil fuel project development and financing.
Existing members have a one-year compliance timeline
For companies and institutions that already joined the initiative, the updated criteria do not take effect immediately. Instead, existing members have one year to comply with the revised rules.
The updated rules include fossil fuel and lobbying alignment requirements
The standards also require members to align lobbying and advocacy activities with net-zero, including “proactively supporting” climate policies at sub-national and national levels consistent with the campaign’s criteria. The campaign also links compliance to strengthened data transparency, aimed at clarifying progress and gaps.
The rules follow a consultation process before taking effect
The update comes after a consultation involving more than 200 independent experts. The campaign says the updated criteria will be reflected in the obligations of partner organisations across sectors such as banks, insurers and asset managers.

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When must existing members align with new net-zero rules?

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