Geneva - The Net Zero Financial Service Providers Alliance (NZFSPA) has announced the transition of its activities toward a more sector-focused approach to net-zero action. As part of this transition, the alliance’s Exchange Group will continue as a standalone initiative under the convening of the United Nations Sustainable Stock Exchanges (UN SSE), operating as the Net Zero Exchange Group – SSE Climate Leaders.

Since its launch in 2021, the Exchange Group has tripled in size and now brings together 23 stock exchanges from across the world. Members follow a Race to Zero–approved target-setting framework and report annually on their progress, with results publicly tracked on the UN SSE website. This consistent reporting and growth reflect the increasing leadership role exchanges are playing in supporting credible, transparent net-zero pathways across global capital markets.

As the Net Zero Exchange Group – SSE Climate Leaders, the initiative will adopt a more exchange-focused structure and activities, enabling deeper collaboration, peer learning, and targeted action aligned with the unique role of exchanges as market infrastructure providers. The group will continue to use the existing target-setting framework as the foundation of its work, ensuring continuity while strengthening its focus on exchange-specific priorities.

The Net Zero Exchange Group will remain closely connected to the net-zero activities led by the Principles for Responsible Investment (PRI) and UNEP Finance Initiative to ensure alignment across financial service providers and coherence within the broader sustainable finance ecosystem. This evolution underscores the commitment of participating exchanges to advancing ambitious climate action and supporting the transition to a net-zero emissions global economy.