Our climate strategy

Supporting the transition to net zero is a key priority for us. We believe that the transition to net zero will help make the global economy stronger and more resilient.

Our ambition is to become a net zero bank by 2050 by reducing our own emissions and supporting our customers to diversify, decarbonise, and realise the economic opportunities of the transition.

Our strategy is to enable emissions reductions in the wider economy by working with our portfolio of customers to support their own transition plans, and to provide financing solutions that facilitate their progress.

We are focused on helping our customers to succeed in the transition by understanding their businesses, leveraging their own expertise and capabilities, and identifying opportunities to help them make progress.

We work with customers in all sectors and at all stages of their transition journeys, including those in the high-emitting sectors and regions that face the most ambitious and challenging transitions. Our approach seeks to enable our customers to succeed in the transition, while meeting the needs of today’s economy.

The transition to net zero is one of the most significant challenges of our time. Whilst we do not expect progress to be linear or uniform across different sectors and regions, we believe that supporting our customers’ transition both benefits their business and helps generate long-term financial returns for our shareholders.