Story perspectives

New Standard Pushes Banks to Achieve Net-Zero by 2050

7/23/2025

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Summary

Story summary

The Science Based Targets initiative (SBTi) introduced the Financial Institutions Net-Zero Standard for banks and investors to achieve net-zero by 2050.
Institutions must cease financing fossil fuel expansion by 2030 and evaluate deforestation risks in their portfolios.
The standard offers flexibility in target-setting and mandates annual public emissions reporting.
Approximately 135 institutions worldwide have adopted this framework to align financial practices with climate objectives.

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Story summary

The Science Based Targets initiative (SBTi) introduced the Financial Institutions Net-Zero Standard for banks and investors to achieve net-zero by 2050.
Institutions must cease financing fossil fuel expansion by 2030 and evaluate deforestation risks in their portfolios.
The standard offers flexibility in target-setting and mandates annual public emissions reporting.
Approximately 135 institutions worldwide have adopted this framework to align financial practices with climate objectives.