State of the banking transition 2026

Algirdas Brochard, Nelson Diaz Puerto, Akos Hajagos Toth, Valentin Jahn, Madalena Martins, Maddy Taylor and Simon Dietz

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: The TPI Centre’s State of the Banking Transition 2026 report reviews the progress of 36 large global banks on the low-carbon transition using two assessment tools: the Net Zero Banking Assessment Framework and Carbon Performance for Banks. Our analysis reveals that over a decade after the Paris Agreement, banks remain at an early stage in enabling the transition to a low-carbon economy. Indeed, there are signs of stalling. In the past three years, assessed banks have reduced their low-carbon ambition overall, with some even cancelling their commitments, targets and policies outright. Amid shifting regulatory expectations, the pace at which banks are enabling the low-carbon transition warrants continued scrutiny. This report provides a basis for assessing how banks’ climate commitments and policies are evolving, including where they are being scaled back.

JEL-codes: F3 G3 J01 N0 R14 (search for similar items in EconPapers)
Pages: 31 pages
Date: 2026-10-13
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