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

GreenBiz

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.

Net Zero 402
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Fossil fuel expansion will be the litmus test for banks’ net-zero promises

Corporate Knights

Civil society organizations are gearing up to hold financial industry players accountable on the lofty commitments they made at COP26 in November. The alliance, led by former Bank of England governor Mark Carney, comprises separate agreements for various financial sectors. Royal Bank of Canada and Toronto-Dominion Bank.

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The music industry changes its tune on climate change

Corporate Knights

Late last year, in the wake of COP26, the U.K.’s s Association of Independent Music launched the Music Climate Pact , which was signed by all three major labels – Universal, Warner and Sony – along with large indies like Secretly Group and Ninja Tune. The industry is small and slow to change. And they have to do it quickly.

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Morgan Stanley will measure CO2 impact of loans and investments

GreenBiz

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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New UN panel looks to hold companies, governments accountable for net-zero pledges

Corporate Knights

They will also require massive amounts of capital from financial markets that still don’t adequately value the risks and opportunities associated with climate change. Net-zero commitments proliferated ahead of COP26, held last November in Glasgow.

Net Zero 345
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Are you greenwashing, wishing or walking?

GreenBiz

Helle Bank Jorgensen. Eleven years ago, in 2010, at the United Nations Framework Convention on Climate Change’s COP15, developed countries committed to a goal of mobilizing $100 billion per year by 2020, to address the needs of developing countries. Now, we are looking forward to COP26 in Glasgow and the stakes are high.

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Ottawa vows to bring in methane emissions regs. Alberta promises to never implement them.

Corporate Knights

billion in “avoided global damages”, Environment and Climate Change Canada (ECCC) said in a release. We’re seeing here the beginning of a global movement toward almost eliminating methane emissions from the oil and gas sector,” Environment and Climate Change Minister Steven Guilbeault told reporters in Dubai. “As