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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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How the climate crisis will crash the economy

GreenBiz

And then there are “sub-systemic” shocks, more localized climate-related impacts that “can undermine the financial health of community banks, agricultural banks or local insurance markets, leaving small businesses, farmers and households without access to critical financial services.” Sub-systemic shocks.

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Fifth Third Publishes Second Task Force on Climate-related Financial Disclosures Report

3BL Media

Fifth Third maintains a Climate Leadership score of A- from CDP for its efforts and disclosures related to climate change. The Company’s A- score placed Fifth Third in the top quartile of CDP’s Financial Services Activity Group. About Fifth Third. Fifth Third is among the largest money managers in the Midwest and, as of Dec.

Banking 246
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HSBC, Standard Chartered, other Major Banks Exit SBTi

ESG Today

Additional banks exiting the SBTi validation process include Societe Generale and ABN AMRO, according to media reports. In a statement provided by Standard Chartered, for example, the bank said that its net zero approach “seeks to support a just transition that encourages the economic and social development of our dynamic market footprint.”

Banking 117
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Deutsche Bank Publishes Net Zero Transition Plan for Operations, Supply Chain, Financed Emissions

ESG Today

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.”

Net Zero 104
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Whether pandemic or climate crisis, you better get your data right

GreenBiz

This lesson on the importance of actionable data did not go unnoticed for those of us working on industrial decarbonization. Generally Accepted Accounting Principles (GAAP) or International Financial Reporting Standards (IFRS) — a variety of methods can be used for carbon accounting (CDP accepts 64 of them).

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“Bridging the Gap: Towards a More Sustainable Future”

3BL Media

The report provides a detailed summary of the Bank's significant ESG and sustainability matters, threats, and performance data. ABOUT NBK NBK was established in 1952 and is the first shareholding company and a domestic bank within GCC to be locally founded. Currently, NBK is the leading conventional banking group in Kuwait.

UNSDG 147