By July 2019, 23 of the world’s 50 largest private sector banks had made sustainable finance commitments. Through these commitments, banks dedicate a target amount of financing, within a specified timeframe, for sustainable activities. While the commitments may seem conceptually simple at first glance, various nuances lie behind the headline numbers.
On this site, WRI uses its new assessment framework to present banks’ commitments in plain, contextualized terms to help improve understanding and comparability. The focus of this tool is exclusively on the commitment design and context, without considering actual implementation or performance.
To read about WRI’s key insights from this research, visit our blog post, or download that piece here.