In 2022, as part of the climate strategy, a target was set for a lending commitment (drawn and undrawn amounts) of at least EUR 4 billion for renewables and decarbonisation technologies by December 2025 to support our clients’ transition to green energy. In 2022, the baseline value of EUR 3.1 billion became part of our climate strategy, and we achieved our goal two years ahead of schedule, reaching a total commitment of EUR 5.4 billion by the end of 2024. Progress is monitored quarterly by management, as well as in the Group Sustainability Committee. In 2024, we increased our target for 2030 to EUR 10 billion.

Assisting customers to shift to a net-zero carbon economy: Target to fund and facilitate at least A$100 billion by the end of 2030 towards improving social and environmental outcomes for our customers.

By the end of 2024 ANZ funded and facilitated $38.96bn across 226 transactions since the target commenced on 1 April 2023. In 2024 alone, ANZ funded and facilitated $30.17bn across 172 transactions, of which $16.09bn was attributed to ANZ via on-balance sheet loans and other credit lines, while close to $14.08bn was facilitated by ANZ. (p.28 - ESG supplement 2024)

$3.73bn in Energy (funded in 2024)
$3.56b in Energy (facilitated in 2024)

Barclays set an objective of $1 trillion of Sustainable and Transition Financing between 2023 and the end of 2030. During 2024 Barclays facilitated $94.4bn of Sustainable and Transition Financing, of which $88.7bn was sustainable financing, up on 2023 of $67.4bn, and $5.7bn  was transition financing, up on 2023 of $0.4bn. "The 39% year-on-year increase in financing facilitated demonstrates our continued focus on supporting our clients on their transition journeys."
As at the end of 2024 Barclays had facilitated a cumulative $162.2bn against its $1trn Sustainable and Transition Financing target.
In 2024, Barclays facilitated $30.6bn of environmental financing (2023: $24.1bn).

BBVA set an objective of 300,000 million euros in the period 2018-2025, for channelling sustainable business. The bank has reached the figure of 206 billion as of December 31, 2023, around 70 billion in 2023.

BBVA aims to reach 300 billion euros of channelled sustainable business from 2018 to 2025), having already reached the figure of 304 billion as of December 31, 2024 (around 99 billion in 2024).
Related to the climate change, BBVA has channelled more than 77 billion euros in 2024, earmarked, among others, for the electrification of industry, energy efficiency measures, the development of renewable projects and the promotion of solar self-consumption, as well as the transformation of the transport and logistics sector. (p.25)

The Group has set the objective of   supporting its customers in their low‑carbon transition for a total amount of EUR 200 billion between 2022 and 2025. By the end of 2024, EUR 179 billion have already been deployed, including EUR 75 billion for 2024 alone, i.e. a 25% annual production increase.

In the energy production sector, BNP Paribas has set the objective that low‑carbon energy, mainly renewable, shall represent 90% of the Group’s financing to energy production by 2030, to reach at least EUR 40 billion of credit exposure. At the end of September 2024, low‑carbon energy represented 76% of energy production credit portfolio, for a total of EUR 36.8 billion (+30% compared to 2022), of which EUR 34.2 billion for renewable energy

BPCE has committed to "supporting the evolution of the energy mix in the territories and regions of the world where the Group operates by contributing to the reduction in the use of carbon-based energies through a 15% increase in new financing for renewable energy projects" by 2026.

16.2 billion renewable energy exposures in 2024. In 2024, renewable energies accounted for 91% of Natixis Corporate & Investment Banking’s new financing in the power generation sector.

BPCE was contacted during the elaboration of this tracker and indicated that the bank has never published a definitive list of technologies that are considered "sustainable" in an absolute sense. BPCE has published frameworks, such as the Sustainable Development Bond Program that contains a comprehensive list of the technologies currently under consideration.

In 2024, the 2022-2024 Strategic Plan came to an end, with the target set for mobilisation of sustainable finance being exceeded. In this regard, CaixaBank has set a new target for the 2025-2027 period, increasing the sustainable finance mobilisation goal from 2022-2024 by 56%.

The 2022-2024 target was 64,000 EUR Mn and 86,770 EUR Mn were mobilised (73,381 EUR Mn of sustainable financing and 13,389 EUR Mn of sustainable intermediation), including 27,651 EUR Mn for sustainable activities in 2024.

As part of the 2025-2027 Strategic Plan, CaixaBank has set a target to mobilise sustainable finance exceeding €100 billion.

Commonwealth Bank of Australia set a Sustainability Funding Target (SFT) of $70 billion in cumulative funding by 2030 as the bank seeks to support sustainable industries and asset types. The bank financed $14.1 bn in 2023.

By 2030, €19bn in financing mobilised by Crédit Agricole Transitions & Énergies (launched in October 2023 to reinforce the Group's existing transition ecosystem) - x3 for the annual production of structured renewable energy financing by CA T&E in France between 2020 and 2030.

Danske Bank set a target of DKK 300 billion in sustainable financing for 2023. 

By year-end 2023, we had arranged or granted DKK 365 billion in sustainable financing (2022: DKK 273 billion), which includes green loans and arranged sustainable bonds. With DKK 53 billion invested in funds with sustainability objectives by year-end 2023. With DKK 55.4 billion invested in the green transition by Danica Pension by year-end 2023 .

In 2024 our sustainable bonds volume (league tables) was DKK 89.7 billion.

DBS has not set a sustainable finance target. However, it reports that its sustainable financing commitments (for loans and trade finance), net of repayments, stood at around SGD 89 billion as of December 2024, up from SGD 70 billion in the previous year. DBS also facilitated SGD 38 billion of sustainable bond issuances in 2024.

Deutsche Bank has a cumulated target of 500bn EUR of sustainable finance from January 2020 to end of 2025. 

It reports a continued increase in Sustainable Finance volumes by € 93bn in 2024 to € 373bn cumulative since 2020.

HSCB aims to provide $750 billion – $1 trillion in sustainable finance and investment by 2030.

Since 1 January 2020, HSBC has provided and facilitated a cumulative $352.5bn of sustainable finance and $41.1bn of ESG and sustainable investing, as defined in HSBC's Sustainable Finance and Investment Data Dictionary 2024. This included 39% where the use of proceeds was dedicated to green financing, 12% to social financing, and 15% to other sustainable financing. It also included 24% of sustainability-linked financing and 10% of net new investment flows managed and distributed on behalf of investors.

Total contribution to sustainable finance and investment was $99.2bn in 2024.

ING has committed to provide €7.5 billion annually to renewable power generation by 2025, up from €2.5 billion in 2022.

In 2023, ING committed 4.2 billion euros to the financing of renewables.

In 2024, ING committed to EUR 7 billion of new financing in renewable power generation (mainly wind and solar).

Intesa Sanpaolo set an objective of 76bn euros for green initiatives, circular economy and ecological transition from 2021 to 2026. The bank financed 12.6bn euros in 2023.

In its climate report 2024, ISP indicates that new lending to support the green economy, circular economy and ecological transition was €23.4bn disbursed in 2024 (€68.3bn since 2021)

Goal of financing and facilitating $1 trillion to support climate solutions, clean energy and sustainable resource management by the end of 2030.

In 2023, we financed and facilitated approximately $66 billion in support of our $1 trillion Green objective of our Sustainable Development Target (“SDT”), particularly through green bond underwriting and financing for renewable and clean energy, as shown in the table below. Collectively, since setting our target in 2021 through December 31, 2023, we have financed and facilitated $242 billion toward our $1 trillion Green objective. While we pursue our SDT, including the Green objective, we note that it is subject to other prerequisites and critical considerations, both within and outside our control.

MUFG set an objective of a cumulative total of 35 trillion yen (including 18 trillion yen in the environmental sector) in FY2030 for sustainable finance. The bank financed a cumulative total of 24.5 trillion yen, including 8.9 trillion yen in the environmental sector (as of the end of FY2022).

MUFG has raised its sustainable finance target from 35 trillion yen to 100 trillion yen by 2030, given strong progress that MUFG has made to date along with the growing demand for funds because strong progress against the existing target of 35 trillion yen, reaching 27.7 trillion yen (79.2% achievement) was made as of H1 FY2023.

In 2023, Mizuho set a target of JPY 100 trillion for sustainable finance for FY2019 to FY 2030 (of which JPY 50 trillion for environmental and climate-related finance).

Mizuho reports JPY 31 trillion for sustainable finance between FY2019 and FY2023 (of which JPY 14.0 trillion was environment and climate-related finance)

Natwest has a target to provide £100 billion climate and sustainable funding and financing between 1 July 2021 and the end of 2025. As part of this, NatWest aims to provide at least £10 billion in lending for EPC A and B rated residential properties between 1 January 2023 and the end of 2025.

In 2023, NatWest provided £29.3bn in climate and sustainable funding and financing.

Since 1 July 2021 NatWest Group had provided £93.4 billion of climate and sustainable funding and financing by 31 December 2024 (£31.5 billion in 2024)

Nordea set a sustainable finance objective of EUR 200bn between 2022 and 2025. The bank financed EUR 77bn increase in 2023.

During 2024 Nordea supported in the facilitation of EUR 50bn of sustainable financing, predominantly for large corporate and institutional customers. Nordea facilitated 165 green, sustainable, sustainability-linked and social bond transactions. Together with the green and sustainability-linked loans, this puts  Nordea on track to meet its 2025 target to facilitate more than EUR 200bn of sustainable financing.

Rabobank set an objective of EUR 10 billion of additional financing for renewable energy power generation. The bank was involved in 55 projects and exposure of EUR 2.6 billion in 2023.

Sustainable financing for YE 2024 was 44,638 EUR mn.

RBC had a commitment to facilitate $500 billion in sustainable finance by 2025. In April 2025, RBC indicated the following:

"In 2019, we first announced our commitment to sustainable finance. We developed a methodology to report progress towards our sustainable finance commitment and set out this methodology in our Sustainable Finance Framework, noting that it may be updated and modified as needed. Since first announcing our commitment, industry practices for measuring and reporting on sustainable finance have evolved. We have reviewed our methodology and have concluded that it may not have appropriately measured certain of our sustainable finance activities as presented on a cumulative basis. Separately, in June 2024, Canada’s Competition Act was amended to introduce new provisions governing representations about the environmental benefits of products and business activities. In light of these developments, we will no longer be using this methodology going forward, and we are also retiring our sustainable finance commitment. Finally, we are considering potential changes to our overall approach to sustainable finance, including our Sustainable Finance Framework. We intend to disclose any material changes in a future sustainability report. We remain committed to sustainable finance and to reporting on our sustainable finance activities in a clear and transparent manner in compliance with applicable laws."

RBC still features the False Solutions Tracker because the withdrawal of its previous commitment should not hide the fact that RBC was including false solutions financing in its sustainable finance target.

Banco Santander has committed to raise and facilitate EUR 120 bn in green finance between 2019 and 2025 and EUR 220 by 2030. In 2024, it achieved its 2025 target to raise or facilitate EUR 120 billion in green finance 18 months early.

CIB has raised and mobilized globally EUR 139.4 billion in green finance between 2019 and December 2024. From January to December 2024, CIB contributed EUR 24.1 billion to the green finance target.

In November 2024, Société Générale set a new EUR 500 billion sustainable finance target for the period 2024-2030. Including EUR 400bn in financing including advisory and EUR 100bn in sustainable bonds; with approximately 80% in environmental activities and 20% in social activities.

Société Générale reports that "having achieved its aim of contributing EUR 300 billion to sustainable finance by 2024, the Group has set a new target of EUR 500 billion between 2024 and 2030. This target, which covers a broader scope, will notably help to increase focus on decarbonization in the highest carbon intensive emission sectors for which the Bank has set objectives."

Standard Chatered's aspiration is to mobilise $300 billion of sustainable finance. It has mobilised $121 billion of sustainable finance from January 2021 through to September 2024 against its commitment to mobilise $300 billion by 2030.

According to Standard Chartered, total sustainable finance mobilised was $33,547m between October 2023 and September 2024.

State Bank of India has not set a sustainable finance target. However, it reports that it raised USD 250 million through green bonds in FY24, in accordance with its ESG Financing Framework.

SMBC has committed to a cumulative total of JPY 50 trillion by 2030, with JPY 20 trillion allocated to green finance (from 2020).

SMBC reported JPY 9 trillion in FY2023, and a cumulative FY2020-FY2023 of JPY 24 trillion.

UBS has a target related to the facilitation of green, social, sustainability or sustainability-linked (GSSS) bond transactions globally. In 2024, UBS facilitated 96 GSSS bond transactions globally against its target of 100. 

Wells Fargo set the goal of deploying $500 billion in sustainable finance by 2030.

From 2021 to 2023, Wells Fargo originated, committed, advised, or facilitated approximately $178 billion in sustainable finance activities, representing approximately 36% of our $500 billion sustainable finance goal.