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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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Taking stock of Chase, HSBC, and Morgan Stanley's recent climate commitments

GreenBiz

Recent months have seen major moves on climate action by some of the world’s largest private banks, including JPMorgan Chase, HSBC and Morgan Stanley. Looking across their investments in different sectors and regions, more banks are considering how to reduce the carbon intensity of entire portfolios over time.

Net Zero 365
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Seven ways to inform better decisions with TCFD reporting

GreenBiz

The sustainability manager saw this as an excellent starting point to set science-based targets for a reduction in emissions, with the targets reflecting the Paris Agreement and carbon reduction plans for countries in which the company did business. Risk officer: Assessing exposure to climate-linked credit risk .

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Japanese banks' portfolios misaligned with Paris Agreement, says 2DII

Environmental Finance

Japanese banks' loan books are misaligned with the Paris Agreement, said a paper written by the 2 Degrees Investing Initiative (2DII) and released by the Financial Services Agency (FSA)'s Finance Research Center.

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Episode 243: VERGE voices with Apple's Lisa Jackson, 350.org's Bill McKibben

GreenBiz

She chats about JPMorgan Chase's new financing commitment aligned with the Paris Agreement, how it's helping clients with their carbon mitigation journeys, and its strategy for supporting stronger community resilience. . Subject matter experts from Kwik Lok, Walmart and Second Harvest Food Bank join us at 1 p.m.

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First stop: Climate commitments. Next stop: Climate action?

GreenBiz

From an emissions standpoint, Climate Week 2020 may go in the books as the greenest of all time. . bank to commit to net-zero emissions generated from its financing activities by 2050. . Signatories agree to implement decarbonization strategies in line with the Paris Agreement. Sessions and panels were virtual.

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SBTi Net Zero Standard to Boost Banks’ Transition

Chris Hall

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. Process metrics weigh controllable actions that an organisation can undertake achieve an outcome.