This progress report, Net Zero Policy Matters, summarizes the research, discussions and findings of the work of the Taskforce on Net Zero Policy, its technical expert group and contributing partner organizations, from its inception at COP28 (2023) to COP29 (2024).

The Net Zero Policy Matters report:

• Assesses policy progress against the UN HLEG recommendations across the G20 that steer the action of companies and financial institutions on net zero; and
• Takes stock of net zero policy adoption in G20 countries, with a focus on corporate and financial policies. It does this across key policy domains (disclosure, transition plans, prudential regulation, taxonomies and stewardship) and addresses net zero policy integration with other sustainability issues and articulated links to the Paris Agreement’s 1.5°C limit.