1、Banking on climate neutralityThe global banking industrys role in transitioning to a low-carbon economyBanking on climate neutrality|The global banking industrys role in transitioning to a low-carbon economy3Table of contentsForeword .5Glossary .6Introduction .7The decision to commit:how are banks i

2、ntending to achieve climate neutrality?.12Drivers of commitment:why have banks committed to achieve climate neutrality?.22Strategy:how do banks position themselves in the journey to climate neutrality?.26Approaches:what are banks doing to progress towards climate neutrality?.30Challenges&priorities:

3、what do banks need in their journey in order to successfully reach climate neutrality?.38Concluding thoughts .49Appendix .50Contacts .52Banking on climate neutrality|The global banking industrys role in transitioning to a low-carbon economy5At COP 26,the 2021 United Nations climate conference,190-pl

4、us nations agreed to boost the rate of their greenhouse-gas emission cuts.At the same time,financial institutions committed to align US$130 trillion of private capital with the goals of the 2015 Paris Agreement by 2050.The Paris Agreement calls for limiting global warming to 1.5 degrees Celsius over

5、 preindustrial levels.One year later,where does the banking industry stand?To find out,the International Banking Federation(IBFed)and Deloitte surveyed 39 bank executives and directors from Europe,Asia,Africa,Australia,and North America.We also interviewed representatives of nine banks,ten banking a

6、ssociations,and one international organization.The results are reflected in this report.Environmental,social,and climate-related issues are materially impacting all sectors of the economy.Real economy sectors are busy finding ways to decarbonize their business according to net-zero commitments and r