ProCredit group joins the Net-Zero Banking Alliance and commits to set near- and long-term emissions reductions company-wide with the Science Based Target initiative (SBTi) Net-Zero Standard
In line with its commitment to a climate-positive future and confirming its net-zero ambition, ProCredit Holding AG & Co. KGaA (ProCredit Holding), the parent company of the impact- and development-oriented ProCredit group, has joined the Net-Zero Banking Alliance (NZBA). This industry-led, UN-convened alliance of banks worldwide is committed to aligning their lending and investment portfolios with net-zero emissions by 2050 or sooner. This is in accordance with the most ambitious targets set in the Paris Climate Agreement. Furthermore, the ProCredit group has committed to set its future near- and long-term emissions reductions in accordance with the Science Based Targets initiative (SBTi) Net-Zero Standard, as part of the Business Ambition for 1.5°C and UNFCCC Race to Zero campaign. The SBTi has yet to approve the targets. (more…)