Global banks pull back on climate pledges, study finds
Several leading lenders are weakening or dropping net-zero goals and related climate policies. Most say climate risks are already priced into markets, while few explain how those risks show up in their accounts.
By Standard Topic. AI-generated from the reporting listed under Coverage. Published . Updated .
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What happened
Leading banks are scaling back their net-zero commitments and other climate-related policies, and in some cases withdrawing them entirely. A study reports that most banks say climate-related risks are already captured in market prices. Only a few explain how these risks are reflected in their financial statements.
Why it matters
The retreat signals that banks are stepping back from climate commitments. Few banks show how climate risks appear in their financial statements.
Coverage
- Global banks continue climate retreat, study warns (Claudia De Meulemeester)
- Banks scaling back net-zero and climate commitments (sustainabilityonline.net)
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