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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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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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 317

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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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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Corporate Knights

MARCH 28, 2023

As the Intergovernmental Panel on Climate Change (IPCC) highlighted last week, we are in the midst of a climate emergency. This cannot continue if we are realistically going to achieve the goals of the Paris Agreement and keep global warming below 1.5 ° C. All regulators must be de facto climate regulators.

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GreenBiz

NOVEMBER 24, 2020

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. What sets this latest wave of climate pledges by financial institutions apart from past announcements? They won’t have changed their business model.

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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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Corporate Knights

JULY 4, 2022

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. However, critics in Canada argue the banks have not produced credible plans to achieve their goals.

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GreenBiz

DECEMBER 7, 2020

Behind climate change, the biggest threat to the Great Barrier Reef is poor water quality. Behind climate change, the biggest threat to the Great Barrier Reef is poor water quality. HSBC’s climate commitments include investing at least $750 billion in sustainable financing over the next 10 years. HSBC paid $36.40

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3BL Media

NOVEMBER 6, 2024

Blue Zone events: WATER RESILIENCE AND CLIMATE CHANGE. This SVA framework, designed to evaluate the effects of climate change on water resources—from supply chains to distribution networks—has been applied in over 800 locations globally.

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ESG Today

SEPTEMBER 30, 2022

Federal Reserve Board announced Thursday that it will launch a pilot climate scenario analysis with six large banks, aimed at assessing the resilience of the financial institutions to various climate scenarios, and enhancing the ability of supervisors and firms to measure and manage climate-related financial risks.

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GreenBiz

SEPTEMBER 28, 2020

He used the carbon pricing risk assessment in Figure 1 to illustrate the differences the company might see in its operating margins under different climate change scenarios and highlight where investment in carbon-mitigation projects would matter most. . Risk officer: Assessing exposure to climate-linked credit risk .

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GreenBiz

FEBRUARY 15, 2021

Biden already has rejoined the Paris Agreement, committed to advocating for environmental justice and rolled out a government-wide focus on racial justice. Sustainable investors were among the early voices urging companies to take action on climate change.

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ESG Today

JULY 4, 2022

The European Central Bank (ECB) announced today a series of moves to further incorporate climate change considerations into its monetary policy framework, including actions to decarbonize its portfolio of corporate bond holdings over time, and to introduce climate-related disclosure requirements for collateral.

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Paris Agreement Climate Change Banking Decarbonize 145

Corporate Knights

JUNE 6, 2022

C does not mean we have breached the iconic threshold of the Paris Agreement, but it does reveal that we are edging ever closer to a situation where 1.5°C Some of Canada’s largest banks, including the Royal Bank of Canada and Toronto-Dominion Bank, more than doubled their financing of the oil sands in 2021 to $16.8

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Global Renewable News

DECEMBER 21, 2022

By Vanora Bennett Highlights .

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3BL Media

AUGUST 30, 2022

The UN climate change initiative defines a roadmap with targets for over 20 key economic sectors, from aviation to steel production, to get to Net Zero carbon emissions and slow the pace of climate change. Take major banks for example – what are the institutions financing in the context of the Paris Agreement?

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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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GreenBiz

OCTOBER 7, 2020

Amid myriad social, health and political crises, business sustainability is alive and well and living the Paris Agreement. BNP Paribas is enlisting Christina Cho , in her 13th year at the bank, as co-head with Anne van Riel of Sustainable Finance Capital Markets Americas. Who's news. Advocating. The former U.K.

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ESG Today

MARCH 28, 2023

The new strategy will invest in fixed-income instruments selected according to the AIIB-Amundi Climate Change Investment Framework (CCIF). The post Amundi Appointed Investment Manager of $200 Million Climate Bond Strategy for AMX by Carne appeared first on ESG Today.

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3BL Media

DECEMBER 4, 2023

Serving as a negotiator to the series of Climate Change COP events since COP21 (2015), where the Paris Agreement was adopted, Dr Abdel-Aziz provided the Alliance with exclusive insight into landmark developments and prospects this year. In the Paris Agreement, there was no clear goal defined for adaptation.

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Chris Hall

NOVEMBER 29, 2024

Transformation and innovation are needed in the financial system to make good on Baku agreement, says Ben Taylor, Partner, Climate Change and Sustainability Services at EY. Taylor: The standout outcome for institutional investors was probably the tripling of climate finance.

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Chris Hall

FEBRUARY 28, 2025

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. In its latest recommendations , the UKs Climate Change Committee (CCC) does not comment directly on the adequacy of these two documents.

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Corporate Knights

JANUARY 25, 2023

The shrivelled Rhine of 2018 became a harbinger of the devastating impact that climate change will have on the backbone of the German economy. You’d expect a company so directly affected by climate change to be jumping on the decarbonization bandwagon. On the face of it, it is.

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GreenBiz

SEPTEMBER 25, 2020

This week, dozens of corporations re-upped goals, reflecting that the private sector is internalizing what’s at stake — physically, reputationally and economically — if climate change is left unchecked. Some of the most notable (some announced in the run-up to Climate Week) include: . Morgan Stanley became the first major U.S.

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Climate Change Paris Agreement Net Zero Supply Chains 239

GreenBiz

JUNE 25, 2020

Since then, the asset manager backed two proposals at the annual general meetings of both Chevron and Exxon, related to the manner these companies conduct themselves in relation to Paris Agreement targets. If the European Union agrees on a border price for carbon, what should it be? Why do this?

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Chris Hall

FEBRUARY 5, 2024

Around 90% of EU banks are exposed to climate transition risks, recent analysis from the ECB shows. Banks globally are increasingly feeling two-pronged pressure from regulators and investors to up their climate ambition and stop financing fossil fuels.

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Corporate Knights

SEPTEMBER 25, 2023

Describing her vision of an economically buoyant and sustainable Europe in the era of climate change, she called on the EU to accelerate the development of the clean-tech sector, “from wind to steel, from batteries to electric vehicles”. When it comes to the European Green Deal, we stick to our growth strategy,” von der Leyen said.

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3BL Media

DECEMBER 13, 2022

DESCRIPTION: The 27th United Nations (UN) Conference of the Parties (COP), which took place this November in Sharm El Sheikh, Egypt, marked a significant milestone in developing action against climate change. Loss and Damage’ Fund Agreement. Mitigation Work Program’ Development. degrees celsius.

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ESG Today

MARCH 23, 2023

The European Central Bank (ECB) announced today the publication of its first climate-related financial disclosures for its corporate sector and non-monetary policy portfolios, indicating progress towards the decarbonization of the Eurosystem’s €385 billion of corporate securities holdings.

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ESG Today

JANUARY 22, 2024

In a letter from the organization to ING Group Chair Steven van Rijswijk, Friends of the Earth argued that under Dutch law, companies have a “duty of care” obligation to not create dangers that can cause avoidable damage to people or property, which it says applies to climate change.

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Corporate Knights

MARCH 17, 2022

The independent think tank counts among its members Canada’s largest oil companies, as well as provincial and federal governments, banks and industrial corporations. The report points to the Oil Sands Pathways to Net Zero alliance as indicative of the industry’s new-found commitment to tackling climate change.

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Corporate Knights

NOVEMBER 30, 2023

An early deal on loss and damage funding for countries on the front lines of the climate emergency drew some focus away from a conflict of interest scandal embroiling COP28 organizers as United Nations climate negotiations got under way this morning in Dubai, United Arab Emirates (UAE).

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James Militzer

NOVEMBER 2, 2022

Waste reduction and management, while not glamorous, are increasingly seen as low-hanging fruit as the world seeks climate solutions that can help keep global warming below the 1.5° Celsius target adopted in the Paris Agreement. The Overlapping Climate Impacts of Waste .

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Chris Hall

MAY 4, 2022

UK bank faces investor scrutiny after shareholder rebellion over Credit Suisse climate plans. Barclays is the latest major bank to come under pressure from shareholders in relation to its financing of the fossil fuel sector.

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Net Zero Banking Paris Agreement Climate Change 98

Corporate Knights

DECEMBER 20, 2022

The Living Planet Report 2022 shows an average decline of 69% in wildlife populations since 1970, thus emphasizing the dual crises of biodiversity loss and climate change driven by human activities. Unlike the climate crisis that led to the signing of the Paris Agreement , biodiversity loss has received little attention until now.

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