ESG Today

JANUARY 7, 2025

JPMorganChase has chosen to exit the Net-Zero Banking Alliance, ESG Today has confirmed, marking the latest in a rapid-fire series of departures from the UN-backed coalition of banks dedicated to advancing global net zero goals through their financing activities.

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Corporate Knights

DECEMBER 18, 2023

All federally regulated financial institutions, including banks and insurance companies, will be required to participate during 2024 in an echo of a pilot project conducted with similar methodology last year with a handful of financial institutions volunteering. Scenario analysis is a structured way of asking “What if?”

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3BL Media

DECEMBER 5, 2022

First deal closes with Longroad Energy; new product will be key to meeting bank’s environmental goals, serving growing customer needs. Bank has made.”. Bank to deepen our relationships with new and existing customers,” said Bill Gallagher, director of environmental project finance lending for USBCDC. Bank has made.

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3BL Media

MAY 24, 2024

May 24, 2024 /3BL/ - In a notable move for the 2024 proxy season, New York City Comptroller Brad Lander and New York City Public Pension Boards (NYCERS) submitted six shareholder proposals asking banks to disclose a novel metric for assessing their progress towards their net zero targets and contributions to the clean energy transition.

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ESG Today

JANUARY 6, 2025

banks such as Citi, Bank of America and Goldman Sachs from the Net Zero Banking Alliance (NZBA) in just the past few weeks. GFANZ is led by co-chairs former Bank of England and Bank of Canada Governor Mark Carney, and Bloomberg LP founder Michael Bloomberg, and Vice Chair Mary Schapiro, formerly Chair of the U.S.

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ESG Today

FEBRUARY 24, 2025

International banking group Standard Chartered announced that it achieved $982 million income generation from sustainable finance in 2024, growing by 36% year-over year. Standard Chartereds new net zero financing goals come as several of its peers have pulled back on finance goals or departed climate-focused initiatives.

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ESG Today

JANUARY 3, 2025

Morgan Stanley has joined several of its peers in exiting the Net-Zero Banking Alliance (NZBA), a UN-backed coalition of banks dedicated to advancing global net zero goals through their financing activities,ESG Today has confirmed. Morgan Stanleys commitment to net-zero remains unchanged.

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ESG Today

FEBRUARY 24, 2025

International banking group Standard Chartered announced that it achieved $982 million income generation from sustainable finance in 2024, growing by 36% year-over year. Standard Chartereds new net zero financing goals come as several of its peers have pulled back on finance goals or departed climate-focused initiatives.

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Net Zero Chief Sustainability Officer Banking Decarbonize 74

3BL Media

APRIL 13, 2025

In line with its Operational Net Zero 2030 target, CDL has reduced its Scope 1 and 2 operational carbon emissions for assets under direct management and operational control by 25% from 2016 levels. It achieved a 38% reduction in Scope 3 embodied carbon in new developments compared with a 2016 baseline.

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3BL Media

OCTOBER 1, 2024

October 1, 2024 /3BL/ - Ceres released new recommendations for the U.S. banking sector, highlighting areas of improvement in the design and implementation of their climate finance target-setting and disclosures. bank performance. bank performance. Policies like the U.S. In a new report, " Ahead or Behind?

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ESG Today

OCTOBER 24, 2023

Deutsche Bank announced the publication of its initial Transition Plan, outlining the bank’s methodologies, targets and achievements on its path to net-zero by 2050, across its own operations and supply chain, as well as financed emissions. This will allow us to continuously refine our own Transition Plan.”

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Corporate Knights

JANUARY 16, 2024

Skip to ranking BY Shawn McCarthy January 17, 2024 As 2023 came to a close, the World Meteorological Organization declared it to be the hottest year on record. In the 2024 Global 100 ranking, the top-ranked firms allocated 55% of their investments to sustainable projects, up from 47% the year prior. “The

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ESG Today

MARCH 8, 2023

Canada’s financial regulator, the Office of the Superintendent of Financial Institutions (OSFI), announced the release of its new guidelines on climate risk management, setting out requirements for banks and insurance companies to manage and disclose climate-related risks. Click here to access the OSFI guidance.

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Corporate Knights

JUNE 26, 2024

New figures showed that carbon emissions in 2022 fell to “significantly lower” than pre-pandemic levels in 2019, giving hope that Canada can meet its net-zero commitments. C 27 49 BGIS Real estate & leasing C+ SBTi 28 33* Sun Life Financial Inc Insurance companies C+ NZAM 29 31* Desjardins Group Banks C SBTi, 1.5°C,

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ESG Today

MARCH 18, 2025

Northern Europe-based financial services company Nordea announced that it has signed a deal with Norwegian startup Inherit Carbon Solutions to remove at least 68,000 tonnes of carbon dioxide from the atmosphere, providing carbon removal credits to the bank starting next year.

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ESG Today

DECEMBER 18, 2024

Source: Adfree Cities The ad was challenged by ad-focused activist group Adfree Cities in May 2024, who claimed that the ads constituted greenwashing, and fell short of the UK advertising Codes which require ads not to mislead by omitting material information, in this case by leaving out information regarding Lloyds contribution to GHG emissions.

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3BL Media

OCTOBER 9, 2024

Welcome Remarks Oliver Albers, Executive Vice President of Investment Intelligence, Nasdaq Introduction and Kick Off Nina Eisenman (MC), Head of Corporate ESG Strategy and Reporting, Nasdaq Keynote From UNGC: The State of the Climate Transition Globally in 2024 Jesper Brodin, President and CEO Vice Chair Ingka Group, IKEA UN Global Compact Fireside (..)

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Chief Sustainability Officer Net Zero Banking Development 147

Chris Hall

SEPTEMBER 19, 2024

The Science Based Targets initiative ’s (SBTi) much-anticipated Financial Institutions Net Zero (FINZ) standard is expected to place banks under more pressure to increase their climate-related transparency and ambition.

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Corporate Knights

JANUARY 8, 2025

Hundreds of RI funds have been winding down in the United States and Europe in 2024 alone, and product development slowed significantly in the first nine months of the year when, according to Morningstar data , 246 new funds came to market globally, compared with 444 over the same period in 2023.

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3BL Media

AUGUST 28, 2024

Nasdaq Tune in virtually to the Nasdaq Annual New York Climate Week Conference 2024, where we bring together professionals working in sustainability across both the corporate and investor communities for a groundbreaking event.

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Chief Sustainability Officer Net Zero Banking Development 147

Corporate Knights

APRIL 18, 2024

The world’s biggest meat-packers have announced net-zero targets, as the industry tries to reassure the public that despite the urgency of the climate emergency, there’s no need to cut back on our burgers and steaks. And Tyson isn’t the only one banking on planet-friendly meat to keep consumers coming back to the butcher.

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3BL Media

SEPTEMBER 20, 2024

These insights empower investors to align their portfolios with their individually stated net zero goals and capitalize on opportunities presented by the transition to a low-carbon economy. By the end of September 2024, TRACT will also incorporate the NGFS scenarios.

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ESG Today

MARCH 18, 2024

Deutsche Bank announced an update to its Long-Term Incentive plan for Management Board members, the most senior executives in the company, with a portion of compensation for the group linked for the first time to the decarbonization of the bank’s corporate loan portfolio, beginning in 2024.

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Just Capital

APRIL 17, 2024

2024 has already been a big year for environmental and climate action in the private sector. We evaluated the 10 companies with the best environmental performance in our 2024 Rankings of America’s Most JUST Companies. All of these efforts are being pursued to ensure the company meets its 2050 goal of Net Zero.

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3BL Media

SEPTEMBER 29, 2023

For financial institutions such as banks, insurance companies and investment managers, scope 3 emissions from supply chains and lending/investment portfolios are often more complex than for other industries. South Pole can help you navigate the existing framework as well as the new net zero guidance (FINZ) which will replace it in Q4 2023.

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ESG Today

MARCH 4, 2025

International banking group Standard Charteredannounced the release of its inaugural Transition Plan, outlining its detailed plan to achieve its climate goals, including its target to reach net zero emissions across its financing activities by 2050.

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Corporate Knights

MARCH 3, 2025

Adopted in 2021 and coming into effect for the 2024 financial year, the CSRD is the regulatory framework requiring firms to file social and environmental data and impact reports. Here are the main rollbacks proposed in the initial package. Companies are required to report under a list of hundreds of data points, which vary by company.

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3BL Media

DECEMBER 30, 2024

December 30, 2024 /3BL/ - The Duke Energy Foundation announced an additional $350,000 to Florida nonprofit organizations as part of its ongoing response to Hurricane Milton, disaster preparedness and relief. PETERSBURG, Fla.,

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Chris Hall

OCTOBER 10, 2024

Lenders are urged to end fossil fuel expansion and convert targets into “meaningful commitments” as US banks fall behind international peers. Action by banks to reach net zero emissions and meet climate goals is “insufficient”, according to two reports which also highlight significant gaps in the policies guiding the sector’s transition.

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Chris Hall

JANUARY 17, 2025

Latin America can show how to prevent the rise of AI from bringing the fall of net zero, says Rodrigo Abreu, Digital Infrastructure Operating Partner at Patria Investments. Large tech companies have committed over US$200 billion [1] in capital investment to AI in 2024 alone, accelerating the development of AI infrastructure worldwide.

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Net Zero Digitalization Climate Change Development 59

Chris Hall

JANUARY 3, 2024

The limits of fiduciary duty and corporate engagement could see institutional investors embrace systemic stewardship in 2024 to meet 1.5°C-aligned All this suggests 2024 will prove a difficult and perhaps pivotal year for asset owners looking to make headway on their net zero commitments. C-aligned objectives.

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ESG Today

JUNE 24, 2022

Bank of America (BofA) announced today an agreement with clean energy company Constellation for the purchase of solar power and project-specific renewable energy certificates from a new US-based solar project. The agreement is expected to begin in late 2024 when the construction of the project is finished and the project becomes operational.

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Chris Hall

DECEMBER 20, 2023

COP28 may have not delivered all it promised, but investors now have a clearer idea of how the path to net zero will impact their portfolios. The first-ever mention of “transitioning away from fossil fuels” in COP final text was regarded as a major milestone on the path to net zero, even by those who acknowledged its multiple caveats.

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3BL Media

FEBRUARY 21, 2024

From interactive sessions to inspirational presentations and networking opportunities, here is a brief compilation of global EHS and sustainability conferences and events that should be on your radar for 2024. The Forum will also support presentation of voluntary national reviews (VNRs) at the 2024 HLPF.

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ESG Today

AUGUST 4, 2024

Million for Misleading Sustainable Investment Claims UK Sets Largest-Ever £1.5 Million for Misleading Sustainable Investment Claims UK Sets Largest-Ever £1.5 Million for Misleading Sustainable Investment Claims UK Sets Largest-Ever £1.5

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Chris Hall

FEBRUARY 28, 2025

increase in like-for-like sales in its 2024 annual results , and a recurring operating margin of 13.0%. The UKs finance sector appears to see things differently, with its banks taking their lead from their American counterparts, while its institutional investors are increasingly turning their eyes to Europe.

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ESG Today

NOVEMBER 22, 2024

The company also said that it achieved a reduction its upstream oil and gas exposure by more than 50% on a 2019 basis in Q2 2024, ahead of its goal to do so by 2025, and that it has significantly withdrawn from the thermal coal sector, with exposure at less than 0.1% of its financing portfolio.

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