RT null T1 Exploring Metrics to Measure the Climate Progress of Banks A1 World Resources Institute, A1 United Nations Environment Programme, A2 Weber, Chris A2 Thoma, Jakob A2 Dupre, Stan A2 Fischer, Remco A2 Cummis, Cynthia A2 Patel, Shilpa K1 bank K1 climate K1 environmental financing YR 2018 FD 2018 LK https://wedocs.unep.org/handle/20.500.11822/33118 UL https://wedocs.unep.org/handle/20.500.11822/33118 NO This publication is part of a series by thePortfolio Carbon Initiative (PCI). It aimsto inform the ongoing debate about howpublic- and private-sector banks shouldassess and report on the climate progressof their portfolios. It builds on a multistakeholderprocess that, in 2013, began to standardizethe accounting of Scope 3 “financed emissions”(see Annex A). During that process, some financialinstitutions questioned the meaningfulnessand practicality of the financed emissions metric.To respond to these concerns, PCI partner organizationsagreed to perform a broader assessmentof the various metrics available to help financialinstitutions report on their impacts on climatechange and their contributions (both negative andpositive) to the transition toward a low-carboneconomy. This paper follows a 2015 sister publicationfor investors: Climate Strategies and Metrics:Exploring Options for Institutional Investors.Both these papers are based on a broad PCIreview of the metrics that financial institutionsare using to publicly report on climate progress. DS UN Environment Document Repository RD Sep 24, 2026