Net Zero Finance Tracker

The indicator describes whether institutions have set clear and comprehensive targets for climate action (primarily reducing their emissions), whether those are quantitative targets or general, and whether they are disclosed transparently. Sources: CDP, ESG Book, NZAM, NZBA, NZIA, NZAOA, Observatoire de la Finance Durable, PAAO, PRB, S&P Capital IQ, SBTi, UNFCCC.

The indicator describes whether institutions have set and disclosed clear, accountable, and measurable targets to provide a volume of financial services and investments for climate action. Sources: CDP, CPI, NZAOA, WRI.

The indicator describes whether the institution has announced a clear target to divest from fossil fuels, with a clearly defined scope, and matched by fossil fuel exclusion policies. Divestment is the act of selling or disposing of financial assets, such as stocks, bonds, or investments, in companies or industries that are involved in activities harmful to climate (e.g. fossil fuels). It is often used as a strategy by organizations to reduce their exposure to transition risks deriving from potential policy response to climate change. Sources: CDP, CPI, DivestInvest, NZAM

The indicator measures to what extent accountability and incentives exist for chief and operations-level staff, as well as whether dedicated climate change responsible person(s) exist in the organization to coordinate climate action. Sources: CDP, CPI, ESG Book, InfluenceMap, PRB, PRI.

The indicator measures whether the organization commits to engaging shareholders or clients on climate action and whether there is evidence of the organization taking the necessary steps by mandating climate reporting requirements or through active ownership on portfolio companies, with no evidence of negative actions that oppose the transition. Sources: CDP, Climate Action 100+, CPI, InfluenceMap, NZAM, NZAOA, NZIA, PAAO, PRB, PRI, PSI.

The indicator describes the commitment to and level of engagement with government and industry representatives on climate change, in a way that encourages, and does not oppose, the transition. Sources: BEI, CDP, InfluenceMap, Investor Agenda, NZAM, NZAOA, NZIA, PAAO, PRI, PSI, WMB.

The indicator is based on pillar two of TCFD’s framework, about disclosure of the actual and potential impacts of climate-related risks and opportunities on the organization’s businesses, strategy, and financial planning where such information is material. Sources: CAFI, CDP, InfluenceMap, PRI, TCFD.

The indicator is based on pillar three of TCFD’s framework, about disclosure of how the organization identifies, assesses, and manages climate-related risks, in short: the organization’s internal climate risk due diligence and related procedures. Sources: CAFI, CDP, CPLC, ESG Book, InfluenceMap, PRI, TCFD, UNFCCC, WMB.

The indicator describes whether an organization has committed to the disclosure of climate risks and whether it started disclosures. Sources: Climate Action 100+, NZAM, NZIA, PAAO, PRI, TCFD.

The indicator assesses whether the organization has set up, or plans to set up, internal procedures that allow for the harmonized disclosure of green investment data, as well as investment in high-emissions activities. Sources: CAFI, WRI.

The indicator measures whether the organization is committing to disclose its financed emissions, whether there is evidence that they are already being tracked by the organization, and breadth of coverage. Sources: CAFI, CDP, ESG Book, InfluenceMap, NZBA, NZAOA, PCAF, PRI, WRI.

This indicator measures how entities have directly contributed to funding of new clean energy projects via direct/primary investment (currently focused on power sector investment only). Figures are broken down to track USDm investment in the following subsectors: Biofuel/Biomass, Hydroelectric Energy, Solar Energy, Wind Energy, Waste-to-Energy, Power Grids, Nuclear Energy, Carbon Capture and Storage, Energy Storage, Other Climate. Categories are based on CPI’s Global Landscape of Climate Finance taxonomies of low-carbon activities for the power sector. Sources: BNEF, IJ Global.

Country percentile

Bottom 50%

Sector percentile

Bottom 50%

Country/sector percentile

Bottom 50%

The indicator tracks lending instruments made available to green projects , namely loans and bonds made available for green projects as defined according to Green Loan Principles and Green Bond Principles (in USDm). Examples of eligible projects that have been financed through green bonds include renewable energy projects, such as wind and solar power, energy-efficient buildings, sustainable water management, and clean transportation. Sources: BNEF, CBI.

Country percentile

Bottom 50%

Sector percentile

Bottom 50%

Country/sector percentile

Bottom 50%

This indicator measures how entities have directly contributed to the funding of new fossil fuel projects via direct/primary investment. The current update focuses on power sector investment only. Figures are broken down to track USDm investment in the following subsectors: Oil and Gas Supply Chain, Coal mining, Oil-Powered Energy Production, Gas-Powered Energy Production, Coal-Powered Energy Production. Sources: IJ Global.

Country percentile

Bottom 50%

Sector percentile

Bottom 50%

Country/sector percentile

Bottom 50%

The indicator measures whether entities’ portfolio’s composition is misaligned with respect to Paris agreement mitigation targets. Misaligned assets are reported both as a share of total portfolio value, as well as a share of assets examined in depth (e.g. assets in traditionally emission intensive sectors). Sources: InfluenceMap.

Examined Portfolio (USD M)

Data Not Available

The indicator measures entities’ material exposure to fossil fuel investments. Exposure is examined for a subset of the institution’s portfolio for which information exists on exposure to companies of which the primary sector of operations is in, or uniquely associated with, upstream or midstream oil and gas and coal mining sectors. Sources: DivestInvest, InfluenceMap.

Examined Portfolio (USD M)

Data Not Available

The indicator measures the level of financed emissions as reported by the financial institution. Specifically, we track information on either Scope 3 – Category 15 (Investments) emissions and Portfolio emissions. In the absence of comparable emissions between various years within the same institution, latest emissions are considered, and past ones are estimated. Sources: CDP, ESG Book.

First Year of Emissions Disclosure

2022

Most recent disclosed emissions (TCO2E)

195,960.62

Country percentile

Top 10%

Sector percentile

Top 10%

Country/Sector percentile

Top 10%