To date, these initiatives have been progressing in parallel. We aim to play our part, including through IOSCO, to bring these initiatives together and drive them forward in a way that will best meet the needs of capital markets, and serve the public interest. Net zero commitments by companies Looking beyond disclosure frameworks and standards, companies are increasingly making commitments towards net zero in their long-term business plans to ensure that real action is taken. We have seen an increasing number of companies, across different sectors, make net zero carbon emissions commitments. These are long- term commitments that require significant strategic and organisational change.