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

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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