Net-Zero Finance: launching the Standard development process

Date: 12 April 2022
Time: 09:00 am - 10:00 am EDT
Location: Online

Financial institutions with US$130 trillion in assets under management are now committed to reaching net-zero emissions before 2050. However, a science-based approach is needed for them to set actionable targets in line with the Paris Agreement and 1.5°C.

The Foundations paper commences the SBTi’s Net-Zero Standard for Financial Institutions development process. This multistakeholder process is designed to produce a new Standard for assessing financial institution net-zero targets in early 2023. The Standard development process will incorporate the latest climate science and methodologies to drive change in the real economy and deliver solutions.

Agenda overview

  • Background: Why a Net-Zero Standard is needed in the financial sector

  • The Foundations of Net-Zero for Finance: Key insights from the paper and consultation process

  • The SBTi Net-Zero Finance Standard development process: What to expect and how to get involved

  • Wrap-up: Resources, Q&A