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Banks flout net-zero targets to cash in on the next LNG boom

Corporate Knights

Liquefied natural gas developers have expansion plans that could release 10 additional metric gigatons of climate pollution by 2030, and major banks and investors are enabling them to the tune of nearly $500 billion. Many large banks have pledged to reach net-zero emissions, yet they are still financing the LNG boom. Citigroup (U.S.)

Net Zero 252
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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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Which banks are financing the clean energy transition?

Corporate Knights

The real question is, are the world’s banks ready to fund the development of renewable technologies at scale, and updating all the infrastructure in between? And which banks will take the lead? . Corporate Knights researchers ranked 60 banks for which they found quantifiable sustainable-revenue data from an initial pool of 91 banks.

Banking 360
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Investors crank up the heat on bank fossil fuel financing

Corporate Knights

New research reveals that banks are doing little to finance a low-carbon future, while investing trillions in multinational oil companies, some of which have doubled their profits in the last year. During that timeframe, the banks continued to pour $2.3 billion in 2016 and $34.5 billion in 2016 and $34.5 org, on his website.

Banking 351
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Green financing surges to more than $1.1 trillion at top banks

Corporate Knights

Talk of where banks do and don’t put their money doesn’t usually make the red carpet. In the fight against climate change, banks can be seen as villains – but also, depending on where they invest their money, heroes. This year, the study wrested sustainability-based data out of 87 banks participating in the U.N.-organized

Banking 328
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Ethisphere Announces Fifth Third Bank as One of the 2022 World's Most Ethical Companies

3BL Media

DESCRIPTION: CINCINNATI – Fifth Third Bank, National Association (Nasdaq: FITB) today was recognized by Ethisphere, a global leader in defining and advancing the standard of ethical business practices, as one of the 2022 World’s Most Ethical Companies. In 2022, 136 honorees were recognized, spanning 22 countries and 45 industries.

Banking 246
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Regions Bank Wins Gallup Exceptional Workplace Award

3BL Media

SOURCE: Regions Bank. April 11, 2022 /3BL Media/ – Regions Bank on Thursday announced the company has received the 2022 Gallup Exceptional Workplace Award (GEWA). Gallup commends all of the 2022 GEWA winners for their resiliency, determination and commitment to making their people a priority.”. BIRMINGHAM, Ala.,

Banking 245