Most NZBA member banks have now set climate targets
Most of the banks that have not met their target-setting requirements are in emerging markets.
A wide majority of banks expected to set sectoral decarbonisation targets or publish climate transition plans have now done so, according to the latest Net-Zero Banking Alliance (NZBA) progress report.
Now in its fourth year, the NZBA requires its 144 member banks to independently set targets for reducing emissions associated with their financing activities in carbon-intensive sectors such as energy and transportation within 18 months of joining.
