Assessed banks alignment across the six areas (% of sub-indicators aligned with)
Methodology
The banking sector has a critical role to play in the low-carbon transition, incentivising emissions reductions in the real economy through climate-aware financing. The TPI Centre in partnership with the Institutional Investor Group on Climate Change (IIGCC), developed an investor-led pilot framework of indicators to assess the preparedness of banks for the low-carbon transition. Our framework sets an action-focused roadmap for banks to align their financing activities with the goals of the Paris Agreement. In summer 2022, the TPI Centre published a report describing our methodology and pilot analysis of 27 banks.
The full pilot framework can be found in the report's Appendix.
The Net Zero Banking Assessment Framework has been developed by the Transition Pathway Initiative Global Climate Transition Centre (TPI Centre), in collaboration with the Institutional Investor Group on Climate Change (IIGCC) and Ceres, to assess the preparedness of banks for the low-carbon transition.
IIGCC and investor members of its banks working group together with the TPI Centre are developing a net zero assessment framework for banks. Latest analysis of 27 banks suggests the banking sector needs to substantially accelerate its decarbonisation efforts to align with a 1.5°C pathway.
Methodology
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