This report presents the results of an assessment of 26 of the world’s major global banks using the ‘Net Zero Banking Assessment Framework’.
Investors, governments and wider society are increasingly considering the role of the financial sector in the transition to net zero. Several initiatives have emerged in support, most notably the Glasgow Financial Alliance for Net Zero (GFANZ) and sub-sector alliances such as the Net Zero Banking Alliance (NZBA).
In this context, in June 2023 the TPI Centre published an investor-led ‘Net Zero Banking Assessment Framework’ to assess banks’ climate progress across 10 key areas.
This report presents the results of an assessment of 26 of the world’s major global banks using the framework.
The public disclosures of the 26 banks were assessed between 6 March and 30 June 2023 and the results presented here are based exclusively on that assessment.
Authors: Sidonie Commarmond, Nelson Diaz, Simon Dietz, Nikolaus Hastreiter, Carla Jouavel, Carmen Nuzzo and Antonina Scheer