Low ambition and incoherent targets from banks put net zero at risk – analysis

ShareAction analysed banks’ climate targets (David Davies/PA) - (PA Archive)

Low ambition and incoherent climate targets from Europe’s 20 largest banks are putting net zero goals at risk, according to an analysis.

ShareAction, which campaigns for responsible investment, scrutinised targets for emissions from financing high-impact activities and for increasing sustainable finance at banks including UK institutions HSBC, NatWest and Barclays.