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Eric Usher, Head of UNEP FI, says: “This initiative is an important step in helping banks deliver on their commitments under the UN Principles for Responsible Banking. Bold leadership and a collaborative approach will be required in the coming years as we grapple with the transition to net zero.
“We look forward to working with the B4NZ team, as the UK forges a path to deliver, on the ground, real change that enables the most effective transition to a net zero economy.”
By creating clarity on where regulatory and policy interventions may be needed, B4NZ aims to help banks optimise their contribution to the UK economy while decarbonising operations and lending activities.
A platform for collaboration across finance
B4NZ positions itself as a convener for the financial sector, bringing banks together with businesses and regulators to work through practical challenges related to climate transition.
The aim is to create what the organisation describes as a positive feedback loop between government, industry and finance, helping each group understand the conditions required for sustained progress.
The initiative also supports work on sector-specific barriers, such as financing for decarbonisation in hard to abate industries, assessing data gaps for transition planning or identifying how banks can scale green finance offerings.
For financial institutions navigating changing regulatory expectations, B4NZ offers a structured forum to shape responses to those requirements while sharing operational insights.
Leadership with deep policy experience
Bankers for Net Zero is led by CEO and co-founder Heather Buchanan, who has extensive experience advising government, trade bodies and civil society on the relationship between banks and their customers.