What is Bankers for Net Zero?

Bankers for Net Zero (B4NZ) was formed in October 2019 with the aim of galvanising credible, demonstrable leadership from the UK banking sector on climate change. The initiative brings together banks, businesses, policymakers and regulators to define and implement the interventions needed to accelerate the UK economy’s transition to net zero.

What is Bankers for Net Zero?

Bankers for Net Zero (B4NZ) was formed in October 2019 with the aim of galvanising credible, demonstrable leadership from the UK banking sector on climate change. The initiative brings together banks, businesses, policymakers and regulators to define and implement the interventions needed to accelerate the UK economy’s transition to net zero.

Bankers for Net Zero exists to:

We do this by combining different areas of expertise – business, banking and policy – with a collaborative approach grounded in multi-stakeholder conversations designed to allow ambitious thinking to flourish.

Bankers for Net Zero exists to:

We do this by combining different areas of expertise – business, banking and policy – with a collaborative approach grounded in multi-stakeholder conversations designed to allow ambitious thinking to flourish.

How We Work

Bankers for Net Zero sits at the nexus of industry commitments, policy development, regulation, business and civil society. Our work is guided by the “north star” goal of accelerating the UK’s path to net zero – moving the date forward from 2050. This allows us to focus on the transformative solutions we need, rather than incremental steps.

As part of the Glasgow Financial Alliance for Net Zero (GFANZ), we work alongside initiatives and organisations such as the Green Finance Institute, UK Finance and UNEP FI, as well as parliamentarians, government departments, regulators, civil society and business leaders. Our approach is designed to complement and build on existing efforts by catalysing new conversations targeted for maximum impact.

Our focus is strategic policy alignment. By creating clarity on which areas of the net zero transition require policies which can optimise the contribution banks can make to the real economy, we enable both policymakers and banks to play their part in accelerating the transition to net zero.

Engagement with stakeholders from across the political and social spectrum gives credibility and legitimacy to our recommendations for action – as well as an anchor for banks’ own transition planning.

The process paves the way for strategic policy alignment amongst all stakeholders, and gives banks an anchor to act with maximum impact and purpose in the journey to Netzero.

We represent a powerful and diverse coalition who engage with stakeholders from across the political and social spectrum in a credible and impactful way.

How We Work

Bankers for Net Zero sits at the nexus of industry commitments, policy development, regulation, business and civil society. Our work is guided by the “north star” goal of accelerating the UK’s path to net zero – moving the date forward from 2050. This allows us to focus on the transformative solutions we need, rather than incremental steps.

As part of the Glasgow Financial Alliance for Net Zero (GFANZ), we work alongside initiatives and organisations such as the Green Finance Institute, UK Finance and UNEP FI, as well as parliamentarians, government departments, regulators, civil society and business leaders. Our approach is designed to complement and build on existing efforts by catalysing new conversations targeted for maximum impact.

Our focus is strategic policy alignment. By creating clarity on which areas of the net zero transition require policies which can optimise the contribution banks can make to the real economy, we enable both policymakers and banks to play their part in accelerating the transition to net zero.

Engagement with stakeholders from across the political and social spectrum gives credibility and legitimacy to our recommendations for action – as well as an anchor for banks’ own transition planning.

The process paves the way for strategic policy alignment amongst all stakeholders, and gives banks an anchor to act with maximum impact and purpose in the journey to Netzero.

We represent a powerful and diverse coalition who engage with stakeholders from across the political and social spectrum in a credible and impactful way.

What we do

Our work is focused on activating a positive feedback loop between government, regulators, industry, business and the banking sector that raises ambition and accelerates action.

Our approach is to convene and catalyse conversations that deliver strategic ways to enable the UK to move faster towards its net zero target. We bring together industry, banks and other stakeholders for frank and productive sessions.

We focus on areas that meet 3 criteria:

Where there is potential for near term progress for decarbonisation against the UK’s Carbon Budgets for 2030/2035.

Where banks have a significant role to play in enabling the transition.

Where new policy could unlock and drive real market change.

What we do

Our work is focused on activating a positive feedback loop between government, regulators, industry, business and the banking sector that raises ambition and accelerates action.

Our approach is to convene and catalyse conversations that deliver strategic ways to enable the UK to move faster towards its net zero target. We bring together industry, banks and other stakeholders for frank and productive sessions.

We focus on areas that meet 3 criteria:

Where there is potential for near term progress for decarbonisation against the UK’s Carbon Budgets for 2030/2035.

Where banks have a significant role to play in enabling the transition.

Where new policy could unlock and drive real market change.