The Challenge of Meeting Climate Goals in the Banking Sector

Despite commitments to net zero emissions and climate goals made by global banks after landmark agreements like the Paris Agreement, the finance world is struggling to align with these targets. Major banks face challenges in curbing finance emissions, which play a significant role in contributing to climate change. The difficulty lies in balancing financial interests with environmental responsibilities, as banks' financing activities, such as lending to high-emission industries, can hinder progress towards climate goals.