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It demonstrates progress and growth in banks’ target-setting and transition planning and reveals some of the challenges they face,” said Andrews. “The transparency that both NZBA and SBTi promote will help asset owners better understand the trajectory of bank’s loan books and their alignment with the net zero transition,” he added.
Just prior to COP26, the UN Environment Programme (UNEP) launched the International Methane Emissions Observatory (IMEO) to improve the accuracy and public transparency of human-caused methane emissions. The signatories recognised that rapid action on methane is an essential complement to cuts in CO2 and other greenhouse gases (GHGs).
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