GreenBiz
MARCH 26, 2021
Despite net-zero pledges, banks used $750 billion to finance fossil fuels in 2020. Net-zero commitments may have ricocheted across banking sector over the last 18 months, but big banks' attestations of climate concern did not stop many from expanding financing for the world's top fossil fuel firms during the pandemic year.
Corporate Knights
FEBRUARY 10, 2023
New research reveals that banks are doing little to finance a low-carbon future, while investing trillions in multinational oil companies, some of which have doubled their profits in the last year. billion in 2016 and $34.5 billion in 2016 and $34.5 During that timeframe, the banks continued to pour $2.3
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Corporate Knights
SEPTEMBER 11, 2023
Banks are shelling out more than US$500 billion a year to finance the largest contributors to climate change in the Global South, a region that is especially vulnerable to the roiling weather disasters gripping the planet. It found that banks have provided an estimated $3.2 It found that banks have provided an estimated $3.2
Corporate Knights
OCTOBER 1, 2023
Talk of where banks do and don’t put their money doesn’t usually make the red carpet. In the fight against climate change, banks can be seen as villains – but also, depending on where they invest their money, heroes. This year, the study wrested sustainability-based data out of 87 banks participating in the U.N.-organized
Corporate Knights
MAY 14, 2024
The 60 largest banks in the world have provided US$6.9 Despite these alarming overall figures, bank lending and underwriting for coal, oil and gas fell for a second consecutive year in 2023, dropping 9.4% But she says it’s too early to conclude that banks have reached peak fossil fuel financing. based bank JP Morgan Chase.
Corporate Knights
JANUARY 21, 2022
Many of the world’s biggest banks face the enormous challenge of realigning their entire loans and investment operations in the coming years to put themselves on a credible path to achieve net-zero carbon emissions by 2050. Royal Bank of Canada and Toronto-Dominion Bank. Royal Bank of Canada and Toronto-Dominion Bank.
GreenBiz
JULY 27, 2020
bank to commit to measuring and disclosing the climate impact of its loans and investments, announcing last week that it has joined a multi-trillion dollar group of global financial institutions developing a standardized method for carbon accounting. Morgan Stanley has become the first major U.S. trillion in assets. trillion in assets.
Expert insights. Personalized for you.
398 
Let's personalize your content