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Cracks showing in Mark Carney’s net-zero financial alliance

Corporate Knights

and Canadian banks are threatening to withdraw because of new membership criteria requiring a fossil fuel phase-down. The displeasure, especially by large North American banks, threatens to rupture the increasingly fragile alliance. says Baltej Sidhu, an analyst with National Bank of Canada, in an interview with The Globe and Mail.

Net Zero 360
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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.

Banking 365
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Divesting works: Study finds ditching fossil stocks lowers corporate footprints

Corporate Knights

Just before the launch of COP26, the UN climate conference in November, the DivestInvest network calculated that endowments, portfolios and pension funds worth nearly US$40 trillion have now committed to divesting their fossil fuel holdings. Eroding public support for the sector has been considered valuable work in itself.

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Regulator Bans HSBC Ads Highlighting Green Activities as Misleading

ESG Today

The ruling referred to ads displayed in bus stops in London and Bristol in October 2021, in the run-up to the COP26 climate conference, promoting HSBC’s initiatives to provide up to $1 trillion in finance and investment to help clients transition to net zero, and to help plant 2 million trees.

Net Zero 135
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AB: Are Carbon Offsets the Next ESG Investing Frontier?

3BL Media

In fact, volunteer market offset activity hit US$1 trillion for the first time in 2021, according to the World Bank. The recent COP26 global climate change conference adjourned with a first-ever multinational agreement for trading standards. Market Parameters and Rules Are Starting to Gel. Location: New York. Satyajit Bose.

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Investment Firm Ramps up Clients' Sustainability Efforts

3BL Media

Alice Evans, Co-Head of BMO GAM (EMEA)’s Responsible Investment team, said: “COP26 in November last year served to further highlight the scale of the challenge in addressing climate change. Georgina has joined Acre’s Sustainable Finance and Impact Investing practice.

Net Zero 130
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Sustainable Finance and Upcoming Reporting Requirements in 2022

Sphera

Even after the 26th United Nations Climate Change Conference of the Parties (COP26) came to a close last November, the ESG landscape still remains unclear. Environmental, Social and Governance and sustainable finance currently are like the Wild West. Products with sustainable investment objectives.