US EditionSBTi urges banks to quit funding fossil fuel expansion, but questions remain over impact
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SBTi urges banks to quit funding fossil fuel expansion, but questions remain over impact
The Science Based Targets initiative (SBTi), a corporate climate action organisation backed by the UN, has released its first net-zero standard for financial institutions, calling for an end to financing fossil fuel expansion. The new framework, released on July 22, sets out science-based guidance for banks, insurers and asset managers aiming to align with net-zero emissions by 2050. It will come into effect in January 2027, following an 18-mont…
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