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38 banks against climate change: what are they achieving?

loan portfolios (i.e., finance businesses committed to the environment) with the global climate goal to limit warming to well-below two degrees, striving for 1.5 degrees Celsius. With more than $15 trillion in assets, these Banks are fast-tracking the commitment all UN Principles for Responsible Banking signatories have made to align their business strategy with the goals of the Paris Agreement. Although most of the banks still have a number of steps to implement before they can publish a full assessment of their portfolios’ alignments or set targets, as the report notes, the activities conducted to date have put in place the foundations for the signatory banks to do so within 3 years of joining.

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