Developed Net-Zero Targets for a Global Bank
We worked with a major financial institution to help them develop their first overall and sectoral targets.
Client Context
- A large international bank was looking to set its first sectoral and overall decarbonization targets
- They needed senior leadership to understand the strategic implications of a net-zero strategy
- They needed to determine the relevant data and measures required to set actionable target
Project Overview
- Baselined portfolio emissions and explored relevant transition scenarios aligned with 1.5 C
- Collaborated with lines of business to develop specific transition strategies
- Developed targets based on the latest net-zero alliance standards and in line with their strategic objectives
Results Achieved
- Provided an initial baseline estimate of scope 1, 2, and 3 emissions for future reporting
- Selected the appropriate IEA scenarios for use in decarbonizing their high-emitting sectors
- Created training materials and content to help senior leaders determine appropriate alignment approach
- Created a target-setting document outlining both 2050 and interim targets.