Task Force on Climate-Related Financial Disclosures
  • About
  • Recommendations
  • Publications
  • Support TCFD
    • Press Releases
    • Media Coverage
  • Knowledge Hub
Knowledge Hub MenuClose Menu
  • Knowledge Hub Home
  • Resources
    • Resource database
    • Case Studies
    • Report Database
  • Getting Started
    • Introduction
    • Governance
    • Strategy
    • Risk Management
    • Metrics and Targets
    • Scenario Analysis
    • FAQs
  • Educational Resources
    • Online courses
    • Climate Risk Card Game
    • Downloadable Training Pack
  • TCFD 建议

TCFD Knowledge Hub

 Back to Resources
Article name & author

Guidelines for Climate Target Setting for Banks

Author: UNEP Finance Initiative

Industry Group: Banks

Guidance / Tool - 2021

The Net-Zero Banking Alliance commitment is underpinned by the bank-led UNEP FI Guidelines for Climate Target Setting for Banks . These guidelines have been developed by signatories of the commitment, a leadership group under the UNEP FI Principles for Responsible Banking. The guidelines outline four principles for target-setting:

1) Banks shall set and publicly disclose long-term and intermediate targets to support meeting the temperature goals of the Paris Agreement.

2) Banks shall establish an emissions baseline and annually measure and report the emissions profile of their lending portfolios and investment activities.

3) Banks shall use widely accepted science-based decarbonisation scenarios to set both long-term and intermediate targets that are aligned with the temperature goals of the Paris Agreement.

4) Banks shall regularly review targets to ensure consistency with current climate science.

 Was this resource useful?
Keywords: Target setting
GO TO RESOURCE
Loading...
Report a Problem
Case Study

Powered by:

CDP Logo

This site is operated by CDP.

  • About the Hub
  • FAQ
  • Terms & Conditions
  • Privacy Policy
  • Cookie Policy

Contact Us

[email protected]

Newsletter

To receive updates about the platform and its launch, sign up to the newsletter

SUBSCRIBE

The newsletter is operated by CDP*

*CDP Worldwide, registered charity number 1122330, a company limited by guarantee 05013650, headquartered at CDP Worldwide, 60 Great Tower Street, London EC3R 5AZ, United Kingdom. CDP Worldwide is regulated by the Charity Commission.