2016 Banking COP26 
Corporate Knights
JANUARY 21, 2022
Civil society organizations are gearing up to hold financial industry players accountable on the lofty commitments they made at COP26 in November. The alliance, led by former Bank of England governor Mark Carney, comprises separate agreements for various financial sectors. 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.
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Chris Hall
FEBRUARY 14, 2022
Banks could face a stormy AGM season, driven by investor concern over their ongoing financial support for oil and gas firms, which are already braced for a slew of shareholder proposals demanding greater transparency over their net zero transition plans. Among the banks targeted are JP Morgan, Bank of America and Citi.
Envirotec Magazine
NOVEMBER 22, 2019
“With the UK hosting COP26 in Glasgow in 2020, the country’s actions will be under close scrutiny and there will be nowhere to hide if we fall short of doing our part,” said Kiran Sura of PwC. The emissions reductions achieved through the phase-out of coal can only be banked once. It was only in 2014 that the UK achieved the 9.7%
Chris Hall
FEBRUARY 18, 2022
Banks were hit by a double salvo for continued financing of fossil fuel firms in the face of widely accepted net zero roadmaps and the commitments made at COP26. Campaign groups led by Urgewald and Reclaim Finance reported that commercial banks channelled US$1.5
Envirotec Magazine
SEPTEMBER 17, 2021
From 2016 to 2020, the 38 banks that exclude direct finance for coal-fired power plants have nonetheless provided over USD 52 billion in finance to companies engaged in coal projects (Rainforest Action Network 2021).
Chris Hall
JUNE 22, 2022
The toughened RTZ rules could help generate the momentum needed for banks to align their strategies more directly with their net zero ambitions, said campaign group ShareAction, which welcomes the commitment to end finance to new oil and gas projects. . “ Most of those banks are members of the UN-convened net-zero banking group. .
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