Baltic banks must be clearer on their sustainability goals – only five out of 24 Baltic banks commit to net-zero

Only five out of 24 Baltic banks commit to net-zero, and the rest need to step up, argue Vaida Arlauskaitė and Monika Aleksiejute-Jonusauskiene of the consultancy Viridis Sustainability,LRT.lt, the website of Lithuanian national broadcaster LRT, reported on February 19. A recent review of net-zero commitments by banks operating in the Baltics, conducted in February 2024 by Viridis Sustainability, shows uneven progress in current practices of sustainability reporting and commitment to net-zero. The trend towards achieving carbon neutrality is driven primarily by subsidiaries of larger banking g…