Financial institutions face considerable challenges in measuring and disclosing greenhouse gas (GHG) emissions, particularly for financed emissions. Data gaps, evolving methodologies and varying levels of granularity can hinder the comparability of the information disclosed. This paper identifies the main data gaps hindering the assessment of financial institutions’ progress toward their GHG emission reduction targets and net-zero commitments. Drawing on several third-party data sources, it also presents an analysis of the ambition, scope and feasibility of climate commitments disclosed. The paper also proposes a framework to monitor the transparency, comparability, and credibility of net-zero commitments in the financial sector.
Mapping climate‑related metrics in the financial sector
