Remove 2016 Remove Banking Remove Global Economy
article thumbnail

Despite net-zero pledges, banks used $750 billion to finance fossil fuels in 2020

GreenBiz

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.

Net Zero 398
article thumbnail

Clean 200 list shows sustainable companies on path to dominate global economy

Corporate Knights

They also beat the global benchmark MSCI ACWI by 30% from July 1, 2016, to January 29, 2025. Clean200 data show that for the large companies that make up 80% of global market capitalization, sustainable revenues and capital expenditures are growing more than twice as fast as all other revenues over the past five years.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Ambitious partnerships on climate action are taking root and bearing fruit

GreenBiz

2020 was, along with 2016, the joint hottest year on record ever — closing out the warmest decade on record ever. Global average temperatures are now about 1.2 This effort has the potential to tackle 30 percent of global greenhouse gas emissions. The state of the planet. degrees Celsius above pre-industrial levels.

Net Zero 268
article thumbnail

MSCI Moves to Innovate ESG and Climate Offering

Chris Hall

He was CEO of climate analytics company Trucost from 2001 until it was acquired by S&P Global in 2016. And Mattison’s deep expertise is sought-after by sustainability-focused initiatives and institutions globally. This means having the right data, solutions and actionable insights to rely on.”

article thumbnail

In Pursuit of a Cashless Africa: Learning from Nigeria’s Struggle to Accelerate its Transition to Digital Finance

James Militzer

In recent years, the proliferation of mobile devices, along with the continent’s poor banking infrastructure, have made Africa fertile ground for explosive growth in mobile money use. According to the GSMA , in 2022, two thirds of the globally processed $1.26 trillion in mobile money transactions occurred in sub–Saharan Africa.

article thumbnail

Reimagining Business Ownership in the Global South

Stanford Social Innovation

Research suggests that the growth and success of KTDA over the decades has provided a strong boost to rural economic and social development in Kenya, complementing the role played by more inclusive banks (such as Equity Bank). million dairy farmers who own the business.

Banking 64
article thumbnail

A Blueprint for Closing the SDG Financing Gap: How to Raise $290 Billion in 12 Months to Tackle the World’s Biggest Problems

James Militzer

Today, a massive climate and Sustainable Development Goal (SDG) financing gap still persists — and even after the SDGs and Paris Agreement laid out a critical role for the private sector in 2016, the subsequent years have brought only modest increases in private investment mobilization. trillion — up from $2.5 trillion pre-pandemic.