Financial firms' net zero goals

It plans to reduce emissions from O&G sector by 28% in 2030.

Reaching net zero by 2050 doesn’t sound particularly ambitious. It’s thirty years away. But the reality is that reaching net zero by 2050 – as Thailand and Vietnam recently pledged to do – will be an uphill battle for both economies.

Delayed goals and actions would hurt banks’ asset and loan quality in the future.