New Net-Zero Standard and Assessment Framework for Banks

The Institutional Investors Group on Climate Change (IIGCC) and the Transition Pathway Initiative Global Climate Transition Centre (TPI Centre) launched a Net Zero Standard as a product of their collaboration on investor climate expectations and developed a Net Zero Banking Assessment Framework. The Assessment Framework is intendet for evaluating bank's alignment against seventy-two indicators based on the investor expectations in the standard and in relation to the goals of the Paris Agreement. Both products cover ten focus areas.