Climate risk and banks’ portfolio decarbonization: Global outlook and trends

in partnership with

TNP Consultants

Logo of TNP Consultants

Created in 2007, TNP is an independent and hybrid French consulting firm specializing in operational, regulatory,...

View more
ESG
Q+
27/07/2023Study

Decarbonizing portfolios has become increasingly important for banks as the world moves towards a low-carbon economy. To achieve this goal, banks are being prompted to take a holistic approach to portfolio decarbonization, considering not only the carbon footprint of their investments but also the entire value chain of their financing activities. This will require significant effort and investment, but it will also create new business opportunities in the low-carbon and sustainable financial markets. 

Representing more than 550 global financial institutions that have committed to fully decarbonizing their portfolios by 2050, the Glasgow Financial Alliance for Net Zero (GFANZ) has celebrated its second birthday in April 2023. A lot has changed thanks to GFANZ’s strong presence and awareness creation since its founding in April 2021: attention to banks’ financed emissions and net zero strategy is no longer a nice-to-have, but it is becoming more and more business as usual. 

Want to keep reading?

Become a Qorus member to get access to all our insights

Related news & insights

Mobility
07/01/2025Video

Electric vehicle residual values: Europe in stasis?

According to Dr. Christof Engelskirchen, Chief Economist at Autovista Group, Europeans feel somewhat stuck when it comes to BEVs. He...

ESG
06/01/2025Interview

The changemakers: BCA, a platform that energizes communities

Armand Hartono is the Deputy President Director at BCA. In an interview with Qorus, he explains how the Indonesian bank...

ESG
06/01/2025News

Monzo leads digital accessibility innovation with British sign language service

This innovation enables BSL users in the UK to communicate with Monzo’s customer support team in real-time, breaking down language...

SME Banking
05/01/2025News

Yapı Kredi FRWRD Global boosted startups' expansion into Portugal

Organized in collaboration with Boğaziçi Teknopark and Unicorn Factory Lisboa, the program provided Turkish entrepreneurs with opportunities to promote their...

04/01/2025News

BBVA develops stress test to measure AI bias in Spanish

The dataset, showcased at NeurIPS, the world's leading AI conference, has been made available to the open-source community to advance...

ESG
01/01/2025News

Empowering Malaysia’s youth with financial literacy

FWD Insurance and Bank Simpanan Nasional (BSN) have taken a bold step toward enhancing financial literacy among Malaysia’s youth.

Mobility
23/12/2024Article

AutoMobility Insights - December 2024 edition

The latest news from the automotive industry curated and commented by the experts at Corporate Value Associates (CVA).

ESG
23/12/2024News

Arab Bank launches ESG hackathon to promote sustainability

Initially piloted in Jordan, Palestine, and Egypt, the initiative aims to expand to all countries where the bank operates.