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Leading investors representing USD11tn call on banks to set enhanced net zero targets

Leading investors representing USD11tn call on banks to set enhanced net zero targets

A group of global investors has developed investor expectations for the banking sector through the Institutional Investors Group on Climate Change (IIGCC), calling on banking firms to set enhanced net zero targets for 2050 or sooner with interim targets to be included, scale up green finance and withdraw from projects that fail to meet Paris Agreement goals.