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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
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Transform to Net Zero: Microsoft, Nike, Starbucks team up on corporate climate alliance

GreenBiz

Transform to Net Zero: Microsoft, Nike, Starbucks team up on corporate climate alliance. Wed, 07/22/2020 - 00:20. They also have committed to share information on investing in carbon-reduction technologies and to collectively push for public policies that accelerate the net zero transition. Cecilia Keating.

Net Zero 471
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To achieve net-zero, let’s agree on one definition of success

GreenBiz

To achieve net-zero, let’s agree on one definition of success. Mon, 09/28/2020 - 01:30. But any chief sustainability officer will fall short of their responsibility if they simply cite net-zero as a strategic goal. After all, it is the world that needs to achieve net-zero emissions. Peter Boyd.

Net Zero 489
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In stopping climate change, time is as important as tech

GreenBiz

In stopping climate change, time is as important as tech. The only sure path to stop climate change is to zero out greenhouse gas emissions as soon as possible. To keep within the remaining carbon budget for 2 degrees C, we have to cut our emissions drastically, reaching net-zero emissions as soon as possible.

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HSBC is latest bank to pledge net-zero financed emissions by mid-century

GreenBiz

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.

Net Zero 402
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Canada’s Big Five banks keep moving further away from net-zero

Corporate Knights

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.

Net Zero 353
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Is the golf industry doing enough to combat climate change?

GreenBiz

Is the golf industry doing enough to combat climate change? Sports leagues are seeing the impacts and the surge of climate-responsible athletes using their platforms to promote positive environmental and social impact — it’s something for the history books. Aubrey McCormick. Fri, 04/09/2021 - 02:00. Particularly, Laguna L?ng