- Our new analysis of Europe’s largest banks has found progress on climate has ground to a standstill, and in some cases, reversed As environmental and social risks rise, banks’ responses are still falling short: the average score across the 25 banks was 41%🔽 shareaction.org/reports/in-d... 🧵1Dec 11, 2025 09:01
- Few banks are drawing clear lines on fossil fuels: whilst the latest International Energy Agency (IEA) found that a cleaner, faster transition will be cheaper for consumers in the long-run, just 4 of Europe’s biggest banks fully rule out financing companies engaged in new oil and gas projects 2
- Liquefied natural gas (LNG) remains a major blind spot: despite risks around fossil fuel infrastructure becoming a bad investment as the world shifts to cleaner energy an impending oversupply of natural gas, only four banks rule out finance for these projects. 3
- New sustainable finance targets are going backwards: nearly half of the 11 banks that have set new targets since May 2024 have actually lowered their ambition. End
