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  • Sustainability

    Our roadmap to net zero

    How we plan to transition to net zero carbon emissions.

Our net zero roadmap aims to facilitate solutions to reduce our emissions, catalyse sustainable finance and partnerships, and mitigate the financial and non-financial risks we may face from climate change.

  • Reaching net zero

    We’re committed to net zero carbon emissions in our own operations by 2025 and financing by 2050.

  • Community impact

    Climate change will hit hardest in many of the communities and markets where we operate.

  • A just transition

    An inclusive net-zero economy brings with it a huge opportunity for growth and prosperity.

Our roadmap

Milestones on the journey to 2050:

  • Launched our roadmap to net zero by 2050, including interim targets and a supporting methodology
  • Announced plans to mobilise USD 300 billion in Sustainable Finance by 2030
  • Published our inaugural Transition Finance Framework
  • Developed financed emissions baselines and interim 2030 targets for the Aviation, Shipping and Automotive Manufacturers sectors
  • Joined the Partnership for Carbon Accounting Financials (PCAF)
  • Announced our enhanced Oil and Gas absolute financed emissions target
  • Updated our Power and Steel sector baselines and targets moving from a revenue-based intensity metric to a production-based intensity metric
  • Developed financed emissions baselines and set interim 2030 targets for our four additional sectors: Cement, Aluminium, Residential Mortgages and Commercial Real Estate, bringing the total number of science-based targets set for high-emitting sectors to eleven
  • Financed emissions baselines and sectoral progress against targets, where indicated, assured for the first time by Ernst & Young
  • Calculated the Group’s facilitated emissions baseline from debt capital markets following the final PCAF guidance (published December 2023) under both the 33 per cent and 100 per cent weighting factors
  • Updated the Group’s net zero methodological white paper, first published in 2021
  • We will develop an interim 2030 financed emissions target for the Agriculture sector, planned to be communicated in our 2024 Annual Report, which will be published in Q1 2025
  • Committed to set a baseline and identify a science-based target for sector-specific methane emissions by 2025
  • Aim to be net zero in our own operations
  • We will have substantially reduced our exposure to the Thermal Coal Mining sector in line with our Position Statements
  • Aim to meet the Group’s financed emissions interim targets for high-emitting sectors
  • Targeted end date for legacy direct Thermal Coal Mining financing globally
  • Aim to become net zero in our financed emissions

Learn more about our approach

Discover more about how we’re making progress by reading our latest sustainability reports and disclosures.