Major banks roll back climate pledges, study finds
Several leading lenders are cutting back or dropping net-zero targets and other climate policies. A study says most banks argue climate risks are already reflected in market prices.
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 warns that global banks are continuing this climate retreat. Most banks say climate-related risks are already captured in market prices, but few explain how those risks show up in their financial statements.
Why it matters
The reports note that few banks explain how climate risks are reflected in their financial statements.
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