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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.
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.
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.
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.”
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.
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.
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.
By stepping up their climate ambitions and backing them with concrete commitments, the G7 can catalyse a surge in global investment and reinvigorate their economies. G7 countries make up approximately 38 per cent of the globaleconomy and were responsible for 21 per cent of total greenhouse gas emissions in 2021.
Such were the words of Snorre Gjerde, Lead Investment Stewardship Manager at Norges Bank Investment Management (NBIM), as he evidenced the need for a better view of companies’ exposure to biodiversity risk and their impact on nature, speaking at an event hosted by the Global Reporting Initiative (GRI).
That loss would be a massive hit to the globaleconomy. The framework sets out an ambitious pathway to reach the global vision of a world living in harmony with nature by 2050. In 2016, I attended COP13 as part of the WHC delegation of two people. I have to clarify that the U.S. It's all happening for nature right now.
Pension funds are confronted with immense pressures such as meeting their liabilities, managing deficits, navigating turbulent globaleconomies, and coping with growing regulatory burdens. billion of inflows the previous quarter, according to investment bank Jeffries, which says the US anti-ESG backlash is a key driver of this.
Businesses, banks, and investors. and banks are moving away from fossil fuels and biodiversity loss. A historic number of banks and asset managers who manage holdings in excess of 130 trillion have pledged to adopt science-based climate targets. Nature is the substrate of everything including our economy.
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