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Bank financing for fossil fuels dips second year in a row

Corporate Knights

The 60 largest banks in the world have provided US$6.9 trillion in financing for new fossil fuel expansion projects, investments that put the net-zero goal of the Paris Agreement in jeopardy. This is welcome news for the lead researcher on this year’s report, the 15th annual edition of Banking on Climate Chaos (BOCC), released Monday.

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Morgan Stanley will measure CO2 impact of loans and investments

GreenBiz

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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Report: Meet the top 200 companies investing in a clean energy future

Corporate Knights

Since our first report was launched in the summer of 2016, a great deal has changed in the world. Larry Fink, the CEO of the largest investment firm in the world, wrote in his 2022 letter to CEOs: “It’s been two years since I wrote that climate risk is investment risk. Sustainable investments have now reached $4 trillion.

Net Zero 360
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Colorado pension fund loses US$2.7 billion by not divesting from fossil fuels

Corporate Knights

And according to a report by Reclaim Finance , banks and financial institutions that signed on to the Glasgow Financial Alliance for Net Zero (a group with assets worth more than US$130 trillion) have continued to pour hundreds of billions of dollars into fossil fuels. Nor is Colorado PERA alone in its proven missed opportunities.

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MSCI Moves to Innovate ESG and Climate Offering

Chris Hall

Data provider appoints former Trucost CEO Richard Mattison to accelerate initiatives and develop fresh strategies for sustainable investing. Mattison has more than 20 years of sustainable finance experience and previously served as President of S&P Global’s Sustainable1 unit. million in Q3 , up from US$79.9

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MSCI Appoints Richard Mattison as Head of Head of ESG and Climate

ESG Today

Mattison joins MSCI after serving as President of S&P Global’s sustainability unit, Sustainable1, and as CEO of carbon and environmental data and risk analysis company Trucost, acquired by S&P Global in 2016. Sustainability and climate change issues are reshaping the global investment landscape.

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Northvolt Signs Record $5 Billion Green Loan to Scale Circular Gigafactory

ESG Today

The green loan was provided by a consortium including 23 commercial banks, in addition to the European Investment Bank (EIB) and the Nordic Investment Bank (NIB), who are both supported by the European Commission’s InvestEU programme , which mobilizes investment towards sustainable investment, innovation and job creation in Europe.

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