Commitments to a net-zero strategy remain low with virtually no interim targets and tracking in place

Only 37% of leading financial institutions assessed have disclosed long-term net-zero targets. Disappointingly, of these commitments only 2% have been translated into interim targets applied across the institution’s financing activities, of which only 1% are backed by scientific evidence. Whilst many institutions are actively discussing their role in reaching net-zero, these results paint a depressing picture of the reality against perceptions. Both disclosure and action in this area is essential to rebuild trust by all stakeholders, to align across the system on action needed and to ensure informed decision-making by all.