Financial institutions will, for the first time, be able to set science-based targets aligned with net-zero, following the release of the Science Based Targets initiative’s (SBTi) Financial Institutions Net-Zero Standard.

The Standard provides clear, actionable science-based guidance for banks, asset owners and managers, private equity firms and other financial institutions to align their lending, investment, insurance, and capital markets activities with limiting global warming and achieving net-zero by 2050 at the latest.

By setting targets against the Standard, financial institutions can set a clear route to build resilience, meet evolving stakeholder expectations, manage climate-related risks, and capitalise on emerging opportunities, positioning themselves as leaders in the global transition to a net-zero economy.