A Path to Net Zero: A Climate Mitigation Journey for Banks

This resource introduces the concept of the Climate Mitigation Journey (CMJ) for banks—a climate strategy framework that individual banks can use to assess where they stand in terms of their climate journey and tailor their implementation approach based on their climate maturity and context. In particular, the paper: - Presents three capability blocks outlining all the business competencies banks should develop as they are looking to advance their path to net zero. - Maps out relevant standards, methodologies, and frameworks as well as actors of the net-zero banking ecosystem that banks should engage with across each of the three capability blocks. - Outlines how banks should consider the integration of regional or national components across each of the three capability blocks. This resource focuses exclusively on Bank’s lending activities (Scope 3 emissions) in the context of climate mitigation rather than banks’ direct Scope 1 and 2 emissions.