A Path to Net Zero: A Climate Mitigation Journey for Banks

Year Published

2024

Contributing Organizations

United Nations Environment Programme Finance Initiative (UNEP-FI)

Type of Resource

Framework

Languages

English

Relevant Topics

Core Topic

Transition Planning & Implementation Capabilities

Topic 2

Mitigation

Topic 3

Disclosure Standards

Target Audience

Banks

Relevant Geography

Middle East and North Africa

Resource Description

This resource introduces the Climate Mitigation Journey (CMJ), a framework to help banks assess their climate maturity and align lending portfolios with net-zero goals. It focuses on Scope 3 emissions from lending activities.

Why This Matters

The CMJ supports banks in developing practical, institution-wide capabilities to reduce financed emissions and contribute meaningfully to climate goals, in line with increasing stakeholder and regulatory expectations.

Key Insights

Defines three capability blocks banks should build over time: (1) Core Climate Capabilities, (2) Commitments and Targets, and (3) Implementation Capabilities
Maps relevant standards, methodologies, and key actors across each capability block to guide banks in net-zero alignment
Emphasizes the integration of regional and national components (eg climate policy, scenarios, taxonomies) into banks’ climate strategies
Provides a flexible structure to support banks at different stages of their net-zero journey, from early planning to implementation and reporting

Secondary File Resources

Secondary Resource Link(s)

A Path to Net Zero: A Climate Mitigation Journey for Banks - (Spanish)

A Path to Net Zero: A Climate Mitigation Journey for Banks - (Portuguese)

Was this resource helpful?

We'd love to hear from you! You can share your feedback or suggest a resource below.

Share Your Feedback Suggest a Resource

A Path to Net Zero: A Climate Mitigation Journey for Banks | Global Capacity Building Coalition