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Shifting the financial system: accelerating sustainable finance at banks

Shifting the financial system: accelerating sustainable finance at banks

Year Published

2023

Contributing Organizations

Climate Safe Lending Network (CSLN)

Type of Resource

Research/Insights Report

Languages

English

Relevant Topics

Core Topic
Banking
Topic 2
Climate Policy & Policy Engagement
Topic 3
Transition Finance

Target Audience

Banks
Financial Services Providers
Governments & Policymakers

Relevant Geography

Global
Shifting the financial system: accelerating sustainable finance at banks

Resource Description

This report examines the status of sustainable finance in the banking sector and provides recommendations to accelerate action, based on insights from banking insiders.

Why This Matters

Banks are essential to financing climate solutions, and closing the ambition gap is critical for meeting global targets.

Key Insights

  • Finds 90% of bankers believe their institutions are not doing enough to limit warming to 15°C
  • Emphasizes the need for credible leadership and cultural change within banks
  • Identifies internal resistance as a major barrier to climate action
  • Stresses the importance of cross-sector collaboration and support for ambitious public policies
  • Provides tools such as a climate risk questionnaire and integration guide to help banks close the ambition gap

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