SBTi unveils final net-zero standard for financial institutions

Corporate Climate Group SBTi Published Final Standards for Financial Institutions to Achieve Net Zero

The Science Based Targets Initiative (SBTi), the preeminent standard-setter for corporations making net-zero commitments, has published the final version of its Financial Institutions Net Zero Standard (FINZ). The final version of the standard incorporated some feedback, including from a joint comment in October 2024 from Sierra Club and Public Citizen, to maintain a requirement for financial institutions to adopt a fossil fuel transition policy…

SBTi unveils final net-zero standard for financial institutions

The Science Based Targets initiative’s FINZ framework is the first to guide the sector through the net-zero journey, including setting both near- and long-term portfolio targets.

Shell, Enbridge, Aker BP Quit (Defund) SBTi Net-Zero Group - Marcellus Drilling News

Shell, Norway’s Aker BP, and Canada’s Enbridge have all quit a Big Green-backed organization called the Science Based Targets initiative (SBTi), a corporate climate action organization that is supposed to enable companies and financial institutions worldwide to “play their part in combating the climate crisis,” primarily by eliminating fossil fuels. Someone finally woke up at...

​SBTi launches standard for investors’ net-zero targets

In order to be validated against the standard, investors will have to publicly commit to reaching net zero by 2050 or earlier

SBTi launches Net-Zero standard for financial institutions

The Science Based Targets initiative (SBTi) has officially launched its Financial Institutions Net-Zero Standard, marking a major milestone in sustainable finance. For the first time, banks, asset managers, private equity firms, and insurers can set science-based targets aligned with net-zero across their financial portfolios