Building on our Investor Expectations for Banks published in 2021, the standard and framework will allow investors to clearly understand and engage with 26 assessed banks on their respective net zero transition plans.
Expectations are set and measured based on 10 key areas: bank commitments; targets; exposure and emissions disclosure; emissions performance; decarbonisation strategy; climate solutions; policy engagement (lobbying); climate governance; just transition; and annual reporting and accounting disclosures; and complements the Net Zero Investment Framework (NZIF).
Our banks working group, which includes more than 25 investors, will use the standard and framework to engage with 20 banks across Europe, Canada and Asia. The working group's vision statement can be viewed here. The principles of the standard can be used by investors in engagements with the broader banking sector.