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Will Transition Plans Bring Transparency to Net-Zero Goals?

Big banks are finally starting to provide details about how they will achieve their sustainability promises. But the risk of greenwashing remains.

Sunrise in New York City
Photographer: Gary Hershorn/Getty Images

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When it comes to climate action, banks have said a lot about the “what” (they’ll cut net emissions to zero), the “why” (it’s good for the planet, and for business) and even the “when” (they’ll hit net zero no later than 2050). But very few words have been spoken about the “how,” an omission that hasn’t gone unnoticed by investors on the lookout for greenwashing.