GreenBiz

FEBRUARY 1, 2023

We should thank central banks for improving our understanding of climate change data. But they need to more faster and more forcefully to gather more rigorous and comparable data.

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GreenBiz

SEPTEMBER 10, 2021

From the Bank of England to the People’s Bank of China, monetary authorities of the world’s largest economies are gauging how climate change could rock the financial system.

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GreenBiz

OCTOBER 13, 2020

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

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GreenBiz

MARCH 26, 2021

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.

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Net Zero Banking Paris Agreement Climate Change 398

Corporate Knights

MARCH 6, 2024

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.

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Net Zero Banking Climate Change Decarbonize 353

GreenBiz

JANUARY 18, 2022

The World Bank is teaming up with Bram Cohen’s San Francisco startup to prove that cryptocurrency can be part of the solution, not a problem, for climate change.

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Corporate Knights

SEPTEMBER 30, 2022

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.

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Corporate Knights

MARCH 24, 2022

In the pursuit of its net-zero 2050 goal, Canada needs a rigorous strategy to require banks and other key financial system players, including Crown corporations, to fully align their operations with the country’s international climate commitments. Matt Price, co-founder of Investors for Paris Compliance.

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Net Zero Banking Paris Agreement Climate Change 345

Corporate Knights

OCTOBER 14, 2022

The federal Competition Bureau’s decision to investigate charges of misleading advertising against the Royal Bank of Canada is a sign that federal regulators are paying closer attention to the climate crisis and its causes, says the environmental law charity that filed the case.

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Banking Greenwashing Net Zero Paris Agreement 313

Corporate Knights

OCTOBER 1, 2023

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

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Corporate Knights

DECEMBER 18, 2023

The joke is a good reminder of the limitations of the climate-scenario exercise about to be conducted by Canada’s financial regulator, the Office of the Superintendent of Financial Institutions (OSFI). In the climate context, possible future scenarios centre on physical risk, transition risk or both.

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Banking Climate Change Net Zero Climate Scientist 350

Corporate Knights

MAY 15, 2024

Wading into this hot-button arena is an institution that has generally kept quiet on this front: a new paper by the World Bank lays out a roadmap for how the world can substantially reduce the emissions from food systems partly by redirecting the subsidies given to the meat and dairy industries.

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Banking Paris Agreement Climate Change Net Zero 343

Corporate Knights

JANUARY 21, 2025

president will be taking aim at legislation that resulted in nearly US$300 billion in private-sector investments in clean energy, battery manufacturing and clean power generation, most business leaders recognize that concerns about a worsening climate crisis will grow regardless of shifting political winds. While the new U.S.

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Banking Sustainable Investment Net Zero Manufacturing 361

3BL Media

MAY 10, 2022

The report, The Changing Climate for Credit Unions , finds that more than 60% of all credit unions—and at least $1.2 trillion in credit union assets—are at physical risk from climate change. The report argues that it is incredibly risky for credit unions to ignore the climate threats with 60% of U.S.

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Climate Change Banking Net Zero Academics 242

Corporate Knights

JUNE 22, 2022

In early April, Wet’suwet’en hereditary Chiefs and environmentalists looked to attend the Royal Bank of Canada’s annual general meeting, hoping to speak with the bank’s CEO, David McKay. Another member of the Net-Zero Banking Alliance, U.K.-based

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Net Zero Banking Climate Change 274

Corporate Knights

JANUARY 21, 2022

Many of the world’s biggest banks face the enormous challenge of realigning their entire loans and investment operations in the coming years to put themselves on a credible path to achieve net-zero carbon emissions by 2050. Royal Bank of Canada and Toronto-Dominion Bank. Royal Bank of Canada and Toronto-Dominion Bank.

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Net Zero Banking Climate Change COP26 246

Corporate Knights

MARCH 14, 2023

Advocates say new regulations that will force banks and insurance companies to disclose climate risks don’t do enough to force financial institutions to address those risks, too. But such prescriptive climate rules might not actually result in lower emissions. OSFI focuses this mandate on short-term risks.

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Banking Divestment Climate Change 271

Corporate Knights

OCTOBER 7, 2022

To most people, central banking is a mystery. The key is to know that, while a bank creates money as a loan that needs to be repaid, a central bank creates it as a gift to the economy at a time of crisis that does not need to be repaid. Confront the climate crisis head-on. It’s known as “QE for People.”

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Banking Net Zero Global Economy Climate Change 261

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’s commitment to the environment and supporting its customers. “We Bank has made.”. SOURCE: U.S. DESCRIPTION: U.S. The tax credit and community investment division of U.S. For years, U.S.

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3BL Media

MARCH 10, 2022

SOURCE: Regions Bank. As part of this trend, banks and other businesses are focusing more on sustainable business practices. For banks, this includes sustainable finance – which refers to the inclusion of ESG criteria in business and investment decisions. Another important consideration is the regulatory climate.

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Banking Development Climate Change Waste 246

Corporate Knights

JULY 3, 2024

Last month there was a rare meeting, where the chief executives of Canada’s five largest banks testified before Parliament about their climate commitments. So far, the government has been slow to modernize our financial system to address climate change. Canada should follow suit.

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Banking Greenwashing Net Zero Sustainable Investment 241

3BL Media

AUGUST 6, 2022

This NPR represents the most significant changes to the CRA regulations in over 20 years, and stands to increase lending, investment, and services in traditionally underserved communities, including LMI communities and communities of color. No changes to the asset threshold for small and intermediate small banks.

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Banking Climate Change Net Zero Development 246

GreenBiz

APRIL 5, 2022

American financial firms, hot to address climate change, turn a cold eye on proposed regulations.

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Banking Climate Change 276

Corporate Knights

MAY 7, 2024

After years of protest from First Nations and climate activists, the Royal Bank of Canada has agreed to an audit of its Indigenous and racial community business practices, and disclosure of key climate change data. He noted that RBC has already acknowledged this principle in a thought leadership brief.

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Banking Climate Change 322

ESG Today

JANUARY 16, 2025

Under the new partnership, Schnieder Electric will leverage its sustainability consulting experience to help financial institutions improve GHG disclosures, and to integrate decarbonization strategies and implementation roadmaps into their investment profiles, after it undergoes the accreditation process by completing the PCAF Academy.

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Banking Decarbonize Supply Chain Supply Chains 104

Corporate Knights

MARCH 2, 2022

After another year of record-breaking temperatures and extreme weather disasters , wealthy countries are under pressure to make good on their commitment to mobilize US$100 billion a year to help poorer countries deal with climate change. A new report from the Intergovernmental Panel on Climate Change , released Feb.

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Climate Change Banking Development 336

Corporate Knights

DECEMBER 19, 2022

London-based HSBC Holdings says it will cease financing for the development of new oil and gas fields in order to tackle climate change while carving out its Canadian unit from the policy change. We have no direct exposure outside of Canada and will update this policy following completion of the sale of HSBC Bank Canada.”.

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Net Zero Banking Paris Agreement Climate Change 313

GreenBiz

JULY 9, 2020

The Rocky Mountain Institute (RMI) is banking on banks to get us over the carbon-neutral finish line by 2050. . Goldman Sachs plans to help its clients transition into a climate-resilient model with $750 billion by 2030, and Bank of America is directing $300 billion towards these efforts as well. . "To Pull Quote.

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Banking Analytics Climate Change Decarbonize 403

GreenBiz

MARCH 4, 2021

A decade of pressure on companies to report on and reduce their contribution to climate change has created something of a blueprint for investors to demand the same in terms of the separate but interconnected biodiversity crisis.

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Supply Chains Supply Chain Banking Climate Change 545

GreenBiz

JULY 27, 2020

bank to commit to measuring and disclosing the climate impact of its loans and investments, announcing last week that it has joined a multi-trillion dollar group of global financial institutions developing a standardized method for carbon accounting. Morgan Stanley has become the first major U.S. trillion in assets. trillion in assets.

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Banking Chief Sustainability Officer Paris Agreement COP26 365

Corporate Knights

FEBRUARY 15, 2023

A major report published Monday says Canada lacks adequate rules around investing in an era of climate change. And to avoid any doubt, regulators should declare that climate change is indeed relevant to a pension fund’s long-term financial performance.

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Climate Change Banking Sustainable Investment 337

3BL Media

NOVEMBER 1, 2024

Physical Risks Won’t Disappear, Prompting More Ways to Cope As a global disruptor, climate change remains one of a handful of mega-forces likely to permanently change how the world lives, works and consumes—all directly affecting countries, assets and companies on many levels.

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Climate Change Banking Supply Chains Supply Chain 147

3BL Media

OCTOBER 1, 2024

banking sector, highlighting areas of improvement in the design and implementation of their climate finance target-setting and disclosures. bank performance. bank performance. The global shift towards a low-carbon economy has unlocked trillions of dollars in investment opportunities for banks.

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Banking Net Zero Climate Change Decarbonize 147

Corporate Knights

MARCH 1, 2023

At the GLOBExCHANGE conference, Treasury Board President Mona Fortier and Environment Minister Steven Guilbeault announced that companies wanting to supply the federal government on contracts worth more than $25 million will need to comply with new climate change requirements. C scenarios, Routledge said.

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GreenBiz

NOVEMBER 6, 2020

Traditional accounting methods do not fully capture the externalized costs of economic activities in the food and agricultural space, and this shortcoming is becoming more apparent because climate change is intensifying the focus on sustainable development. And] what about the climate costs?" Climate Change.

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Climate Change Supply Chains Supply Chain Banking 397

3BL Media

JANUARY 26, 2024

During National Slavery and Human Trafficking Prevention Month, AB’s Director of Social Research & Engagement, Saskia Kort-Chick reflects on how climate change may increase the risk of modern slavery, which can have material implications for investors. We are unconflicted and fully accountable.

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Climate Change Banking 147

3BL Media

FEBRUARY 22, 2022

Interest in sustainability persisted despite the COVID-19 pandemic and climate change is the key focus. Second, many financial institutions and fintech startups, including brokers, robo-advisors, and banks, have caught on to the ESG trend and launched new products.

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