Guidelines for Climate Target Setting for Banks - Version 2

This guidance document outlines key principles to underpin the setting of credible, robust, impactful, and ambitious targets for banks, in line with achieving net zero by 2050 greenhouse gas emissions goals. These voluntary guidelines are applicable to members of the NZBA. The voluntary guidelines are also applicable to members of the Principles for Responsible Banking that have selected climate mitigation as one of their priority impact areas and should set climate targets within four years of joining.