State of the Banking Transition 2026: from pledges to practice

Banks play a key role in the transition to a low-carbon economy. Through their product and service design, client engagement and financing structures, banks influence how the transition unfolds. In the years following COP26 in Glasgow, many banks set net zero commitments and sectoral decarbonisation targets. Policymakers, in turn, have required banks in some jurisdictions to manage climate-related risks and disclose their financed and facilitated emissions as well as their credit exposure to high-emission sectors. This progress has, however, been called into question more recently with the collapse of the Net Zero Banking Alliance and banks rolling back some of their climate commitments and related policies.

This webinar will first present key findings from the TPI Centre's assessments of 36 of the world’s largest international banks and our State of the Banking Transition 2026 report (to be published in mid-October). Five years on from Glasgow, the report will take stock of banks' commitments, the maturity of their transition plans and how they are integrating climate-related risks into their financial statements.

Following the presentation, the panel will bring together academic, investor and regulatory perspectives to discuss the report’s findings, focusing on climate-related risks in financial statements.

Meet our speakers

Algirdas Brochard is a Policy Officer and Research Project Lead at the TPI Centre. He leads the Centre's work on assessing banks’ progress on the low-carbon transition. Before joining the Centre, he was a sustainability consultant at McKinsey and Company, primarily advising banks on their decarbonisation strategy. He holds master's degrees from UCL, LSE/Peking University, and a BSc from King's College London.

Dorota Wojnar has been Head of ESG Risks Unit at the European Banking Authority since 2022, where she also chairs the Subgroup on Sustainable Finance. She joined the EBA in 2014, initially contributing to policy work on credit risk, internal models and supervisory review and evaluation processes. She has since represented the EBA internationally, including at the Basel Committee on Banking Supervision and the NGFS. Prior to joining the EBA, she headed the Risk Management and IT Unit in an internal audit department of one of the largest Polish banks.

Maddy Taylor is a Policy Officer at the TPI Centre, where she contributes to assessing the world's biggest banks on their alignment with the Paris Agreement. Previously, she worked at Climate Policy Initiative on the Net Zero Finance Tracker methodology and at Cambridge's Finance for Systemic Change Centre on a corporate bond index excluding fossil-fuel-linked issuers. She holds an MSc From WU Vienna and a BA from the University of Manchester.

Samuel Mary is a Senior Vice President and ESG Research Analyst at PIMCO in London, focused on integrating ESG factors into portfolio management and credit research. He also leads the firm's climate change research. He previously worked as a senior ESG and sustainability analyst at Kepler Cheuvreux. He has 15 years of investment experience and holds a Master in Management with a finance specialisation from ESCP Europe. He was Extel's top-ranked individual for SRI Research in 2017.

More about this event

The event will start with a presentation of the Centre's banking assessment results. It will be followed by a moderated panel discussion with investor, regulatory and academic representatives, before opening the floor to a Q&A session from the online audience. If you can't attend live, a video will be made available shortly afterwards on the TPI Centre's YouTube channel.

Established in June 2022, the TPI Global Climate Transition Centre (TPI Centre) is an academic research centre at LSE dedicated to producing independent and forward-looking research and data on the progress of corporate and sovereign entities in the transition to a low-carbon economy. Its assessments use publicly disclosed information and its research outputs and datasets are publicly accessible.

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If you have a query see our Events FAQ.

You can also contact us at tpi.centre@lse.ac.uk.

Featured image is by Oscar Brouchot on Unsplash.

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