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
MARCH 6, 2024
A new report renders a damning portrait of Canada’s Big Five banks on their path to net-zero emissions by 2050. The Big Five banks have taken little voluntary action to align their business practices with their own net-zero commitments,” states the report by InfluenceMap , a global corporate research think tank based in London.
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GreenBiz
OCTOBER 13, 2020
HSBC is latest bank to pledge net-zero financed emissions by mid-century. Tue, 10/13/2020 - 00:46. HSBC has become the latest bank to commit to achieving net-zero financed emissions, announcing Monday that it intends to align its portfolio of investments and debt financing with global climate targets by mid-century.
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
Corporate Knights
OCTOBER 14, 2022
The federal Competition Bureau’s decision to investigate charges of misleading advertising against the Royal Bank of Canada is a sign that federal regulators are paying closer attention to the climate crisis and its causes, says the environmental law charity that filed the case.
Corporate Knights
OCTOBER 7, 2022
To most people, central banking is a mystery. The key is to know that, while a bank creates money as a loan that needs to be repaid, a central bank creates it as a gift to the economy at a time of crisis that does not need to be repaid. Just like a private bank, a public bank can create money.
3BL Media
MARCH 16, 2022
This partnership provided Opportunity with the resources to launch a suite of digital banking products and services to increase financial inclusion among people who are un- and under-banked, and get better insight into their business operations to evaluate the effectiveness of their programs and resources.
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