September 5, 2023

Banks and the net zero transition: Tracking progress with the TPI 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. In this context, in June 2023 the Transition Pathway Initiative Global Climate Transition 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. It reveals that none of the 26 of the world’s biggest banks have disclosed the total share of finance they have directed towards climate solutions in the last year.