Claims assessment · Entity claim (financial institution)
Dictionary termNet zeroA state in which anthropogenic greenhouse-gas emissions are balanced by anthropogenic removals over a specified period and within a defined boundary.Read the full definition portfolio by 2050
Typical treatment across 5 reviewed regimes. Every verdict below is tied to a stated legal hook.
Market comparison
How this claim is typically treated
5 reviewed markets · one comparison
| Market | Typical treatment | Legal basis | What is required |
|---|---|---|---|
| European UnionEU | Restricted | Corporate Sustainability Reporting Directive (CSRD)Official text ↗Sustainable Finance Disclosure Regulation (SFDR)Official text ↗ View legal reasoningSFDR entity PAI; CSRD E1-1; EBA Pillar 3 ESG | Dictionary termFinanced emissionsFinanced emissions are greenhouse gas emissions associated with lending, investment, underwriting or other financial activities attributed to a financial institution.Read the full definition Dictionary termBaselineA documented reference condition, value or scenario against which change is assessed, defined for a specific indicator, population, boundary and point or period in time.Read the full definition (PCAF), interim targets, sector pathways |
| United KingdomUK | Restricted | View legal reasoningFCA TCFD/SDR entity disclosures; TPT | Same; FCA scrutiny of Dictionary termAsset managerA firm that invests capital on behalf of clients — a principal category of responsible-investment signatory, acting under mandates from asset owners.Read the full definition claims |
| United StatesUS | Conditional | A direct source link has not yet been added for this assessment. View legal reasoningSEC antifraud | Reasonable basis; alliance-membership changes documented |
| CanadaCA | Restricted | OSFI Guideline B-15Official text ↗Competition Act greenwashing provisions (Bill C-59)Official text ↗ View legal reasoningCompetition Act s.74.01(1)(b.1)–(b.2), as amended by Bill C-15 (2026) | Product-level claims need an Dictionary termAdequate and proper testProduct-level environmental benefit claim requires testing **before** the claim; test must fit the claim's representationRead the full definition ; business/activity-level claims need Dictionary termSubstantiationThe documented body of relevant, reliable and current evidence that supports the exact wording, scope, comparison and overall impression of a claim before and while it is communicated.Read the full definition (the internationally recognised methodology requirement was repealed); reverse onus remains; private Tribunal access for business-level claims was removed. |
| AustraliaAU | Restricted | A direct source link has not yet been added for this assessment. View legal reasoningACL; ASIC v Mercer directly on point | Dictionary termReasonable groundsForward-looking claims need reasonable grounds at the time made or are deemed misleadingRead the full definition ; asset-class scope stated |
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Standards and schemes relevant to this claim
These relationships are conditional. A listed standard does not automatically prove every use of the claim.
Alignment with the framework is relevant evidence; frameworks define process, not outcomes — claim wording must not imply certification.
GFANZ guidance suite (post-2025 restructure)Relationship basis: Standards review 02 · source-linked relationship review · 24 August 2026IFRS S1 & S2 (ISSB)Reporting standard · Provides evidence relevant toDisclosure against this standard provides evidence relevant to the claim; the standard does not certify performance.
IFRS S1 & S2 (2023) + Amendments to Greenhouse Gas Emissions Disclosures (IFRS S2, Dec 2025)Relationship basis: Standards review 02 · source-linked relationship review · 24 August 2026PCAF Global GHG Accounting StandardReporting standard · Provides evidence relevant toDisclosure against this standard provides evidence relevant to the claim; the standard does not certify performance.
Global GHG Accounting & Reporting Standard — Part A (2nd ed); Part B (facilitated emissions)Relationship basis: Standards review 02 · source-linked relationship review · 24 August 2026