Private Financial Institutions’ Paris Alignment Commitments 2022 Update

This report update by the Climate Policy Initiative tracks the growth and evolution of climate commitments by private financial institutions to align with the Paris Agreement and achieve net zero emissions by 2050, specifically analyzing trends following COP26.

• The Glasgow Financial Alliance for Net Zero has seen significant growth, reporting that as of April 2022, it includes more than 450 major financial institutions from 45 different countries, managing assets exceeding $130 trillion.
• Financial institutions are refining their net zero commitments by incorporating more specific elements, such as investment goals, interim mitigation targets, and the exclusion of fossil fuel assets from future financing or divestment.
• Since the releaseS Climate Policy Initiative's October 2021 report, new industry coalitions have emerged, specifically the Net Zero Investment Consultants Initiative and the Net Zero Financial Service Providers Alliance.

APA

Climate Policy Initiative (2022). Private Financial Institutions’ Paris Alignment Commitments 2022 Update. https://www.climatepolicyinitiative.org/publication/private-financial-institutions-paris-alignment-commitments-2022-update/

Chicago

Climate Policy Initiative. Private Financial Institutions’ Paris Alignment Commitments 2022 Update. 2022. https://www.climatepolicyinitiative.org/publication/private-financial-institutions-paris-alignment-commitments-2022-update/.

Wikipedia

{{cite report |author=Climate Policy Initiative |title=Private Financial Institutions’ Paris Alignment Commitments 2022 Update |date=16 June 2022 |url=https://www.climatepolicyinitiative.org/publication/private-financial-institutions-paris-alignment-commitments-2022-update/ |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatepolicyinitiative2022private, author = {{Climate Policy Initiative}}, title = {{Private Financial Institutions’ Paris Alignment Commitments 2022 Update}}, institution = {Climate Policy Initiative}, year = {2022}, month = jun, url = {https://www.climatepolicyinitiative.org/publication/private-financial-institutions-paris-alignment-commitments-2022-update/}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }