Net-Zero Finance: launching the Standard development process

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