Financial Institutions Net Zero Tracker

World Resources Institute: “Banks have made headlines in recent years for committing to reach “net-zero emissions” by 2050 and pledging to mobilize trillions of dollars in the fight against climate change. Indeed, banks will play an important role in halting global warming: Companies rely on them to help finance the zero- and low-carbon technologies and solutions that will build a greener, safer future. Their commitment to the cause is essential. But are banks on track to fulfill their promises? Do their current actions and financial flows align with stated climate goals? And which banks are leading the way on achieving net zero — or falling behind? WRI’s Financial Institutions Net Zero Tracker was designed to answer these questions. Financial Institutions Net Zero Tracker – WRI’s Financial Institutions Net Zero Tracker analyzes a sample of 25 banks across 10 countries. The sample includes banks with large total assets as well as smaller firms playing a prominent role in net-zero finance. The Tracker analyzes banks’ net-zero commitments across four themes: Transparency and Ambition, Implementation, Credibility, and Nature and Equity. These four themes offer a comprehensive view of the scope and quality of net-zero commitments. The framework starts with the ambition banks have set for net zero; then it looks at how they are following through on commitments, the credibility of their actions, and how they incorporate crucial protections for nature and promote an equitable and just transition. It also highlights leading practices to give banks a path toward higher ambition and more robust execution.”