IIGCC and TPI publish pilot framework to assess net zero transition of banks
IIGCC, in collaboration with TPI, has published an investor-led framework of pilot indicators to assess banks on the transition to net zero.
The latest work follows the establishment of a banks working group by IIGCC to help investors assess how prepared banks are for the low-carbon transition and the subsequent investor expectations for banks published in April 2021.
The current framework of pilot indicators assesses 27 banks in six key areas – net zero commitments; short- and medium-term targets; decarbonisation strategies; climate governance; climate policy engagement; and audit and accounts.
The current pilot indicators will be refined further before the publication of a final framework later in the year.
See press release here. Download report below.