Investment Bankers Add Capital Markets to Emissions Targets (2)

Banks that signed up to the world’s biggest climate finance coalition have agreed to apply emissions reduction goals to their capital markets businesses.

Members of the Net Zero Banking Alliance, which is part of the wider Glasgow Financial Alliance for Net Zero created in 2021, voted to “update and reinforce guidelines for climate target setting,” which include documenting “emissions attributable to banks’ capital markets services” for the first time, NZBA said in a statement on Wednesday.

Until now, most of the 140 members of NZBA have pledged to zero out their financed emissions, or those enabled by their loans ...