How can the banking sector align its climate commitments with the Paris Agreement? To facilitate this objective for banks and banking associations, the Spanish Banking Association, together with CECA, the Dutch Banking Association (NVB), and the German Net Zero Banking Alliance Germany network, has just published a guide that contributes to the dissemination of best practices for alignment with the climate goal of limiting global warming to 1.5 degrees.
This publication aims to shed light on the key factors for effective commitment, clarify the content of different climate initiatives, and delve into the main challenges to be overcome in the future. It also highlights the valuable work of UNEP FI in creating guidelines for aligning with net-zero emissions by 2050.
Furthermore, this document offers a comparison between the situation in Spain, the Netherlands, and Germany, while compiling the approaches of reference entities such as Santander, BBVA, Caixabank, ING, Triodos Bank, and Rabobank.
With its participation in the publication ‘How to align with the Paris agreement. A resource note for Banking Associations and Banks’, the AEB takes another step in its commitment to promote the dissemination of best practices and contribute to the transition towards a more environmentally friendly economy.
The Spanish Banking Association was one of the leading associations to adhere to the Principles for Responsible Banking and has promoted several measures to advance them, including the creation of the Centre for Responsible and Sustainable Finance in Spain (Finresp).
Likewise, the Association formally joined the Net Zero Banking Alliance (NZBA) as a collaborating partner in 2021 and is committed to the Collaborative Commitment to Climate Action, launched by UNEP-FI in 2019.
Download the document here
