State of the banking transition 2025

Brochard, A., Diaz Puerto, N., Hajagos Toth, A., Jahn, V.ORCID logo & Dietz, S.ORCID logo (2025). State of the banking transition 2025. TPI Global Climate Transition Centre, London School of Economics and Political Science.
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The TPI Centre’s State of the Banking Transition 2025 report reviews the progress of 36 large global banks on the low-carbon transition and contains two assessment elements: the Net Zero Banking Assessment Framework and Carbon Performance for Banks. The analysis reveals banks still to be at an early stage of their transition, with decarbonisation targets that cover a limited set of sectors and business activities.

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