Our approach
The U.S. banking sector’s current lending, financing, and investment practices are leaving banking institutions—and in turn, our planet and economy—dangerously vulnerable to sustainability threats from climate change, exacerbating racial, gender, and economic inequity. Calls are growing louder for banks to move more quickly on climate action as investors, policymakers, and financial regulators recognize the systemic, compounding threat that climate change poses to our financial system. Banks can help prevent the next financial crisis, and in so doing improve their competitive position and, ultimately, their financial results.
Banks’ financing, lending, and underwriting contribute to emissions in every sector of the economy. Through our Ambition 2030 initiative, Ceres aims to decarbonize the six highest-emitting sectors of the economy, including the banking sector. We work sector-wide, calling on companies to set science-based climate goals, create robust transition action plans, and provide disclosure about how they are achieving interim targets by 2030.
