A major Japanese bank worked with S&P Global to measure the climate impact of the vehicles it helps finance. Since car makers use different methods to report emissions, the bank needed accurate, consistent data. S&P helped calculate emissions for each vehicle—from fuel production to driving—then projected future emissions based on production trends. This allowed the bank to set clear net-zero goals for 2030 and 2050 and create a plan to work with car companies to reduce emissions. The project shows how banks can use detailed data to support climate-friendly investments.

India has begun integrating sovereign green bonds into its climate finance strategy to support its ambitious decarbonization goals. To help bridge its substantial $170 billion annual climate finance gap, India issued its first green bond in 2023 worth ₹80 billion (≈$980 million), with proceeds directed toward clean energy, sustainable infrastructure, and climate adaptation projects. These bonds exclude fossil fuel-related projects and highlight India’s commitment to green growth, backed by technical support from the World Bank.

A study by S&P Global Sustainable1 shows that financial institutions in the Asia-Pacific region face rising risks from climate change and biodiversity loss, given the region’s high exposure to extreme weather. Despite their key role in funding climate action, only 13% have net-zero targets for financed emissions, 19% have adaptation plans, and 35% conduct climate risk scenario analyses. Biodiversity commitments are limited, though higher in countries like India. The report calls for more data-driven, localized strategies to help institutions manage environmental risks and support a low-carbon transition.