IIGCC’s banks working group was formed in April 2021, following the publication of an ambitious set of investor expectations that was supported by investors and their stewardship representatives with a combined USD $11 trillion in assets/advice.
The expectations were sent to 27 banks and members have since used them to guide climate-related engagement with banks. IIGCC now supports investor engagement with a focus list of 20 banks in Europe, Canada and Asia.
Following investor consultation and the publication of apilot report, IIGCC has collaborated with the Transition Pathway Institute (TPI) to refine and evolve the investor expectations into aNet Zero Standard for Banks. Read the press release.
In parallel, TPI in consultation with IIGCC has developed a newNet Zero Banking Assessment Framework for Banks. The purpose of the Assessment Framework is to assess banks for alignment against 72 indicators based on the expectations of the Net Zero Standard.
The Standard and Assessment Framework cover ten areas; download below to read more in theNet Zero Standard for Banks.