The industry-led, UN-convened Net-Zero Banking Alliance brings together banks worldwide, representing over 25% of global banking assets, which are taking a leadership role on climate change.
The industry-led, UN-convened Net-Zero Banking Alliance is pleased to announce a new collaboration with the Centre for Climate-Aligned Finance.
The collaboration is designed to harmonize, develop and implement
climate alignment methodologies for financial institutions, focused on
sectoral decarbonisation.
The Center and the Alliance have a shared ambition for excellence in
the pursuit of common goals and are building complimentary work
programmes to facilitate capacity building within banks through
collaborative development and promotion of robust methodological
approaches to alignment, the identification of gaps, and the overcoming
of barriers.
The Net-Zero Banking Alliance continues to build strong connections
with partners with common interests, including collaborators, supporting
institutions and country chapters.
Learn More about the Alliance and its Partners
About the Net-Zero Banking Alliance
The industry-led, UN-convened Net-Zero Banking Alliance
brings together banks worldwide, representing over 25% of global
banking assets, which are taking a leadership role on climate change.
Signatories have committed to align their lending and investment
portfolios with net-zero emissions by 2050, consistent with limiting
global warming to 1.5°C from pre-industrial levels.
Combining near-term action with accountability, this ambitious
commitment sees banks setting an intermediate target for 2030 or sooner,
using robust, science-based guidelines, taking into account the
findings of the Intergovernmental Panel on Climate Change (IPCC) based
on no/low overshoot scenarios. The Alliance reinforces,
accelerates and supports the implementation of decarbonisation
strategies, providing an internationally coherent framework and
guidelines in which to operate, supported by peer-learning from
pioneering banks. It is the banking pillar of the Glasgow Financial Alliance for Net Zero and is grounded in the UN Race to Zero.
About the Center for Climate-Aligned Finance
The Center for Climate-Aligned Finance
was established by RMI to help the financial sector transition the
global economy toward a zero-carbon, 1.5°C future. With deep
partnerships in finance, industry, government, and civil society, the
Center works to develop decarbonization agreements within high-emitting
sectors, build global frameworks for climate alignment, and support
financial institutions in decarbonizing their lending and investing
portfolios. Launched in 2020, the Center builds on RMI’s nearly 40 years
of experience developing market-based solutions to accelerate the
energy transition.
UNEP
© UNEP
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