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As big banks struggle to decarbonize, midmarket leaders prove ‘there can be margin in the mission’

GreenBiz

One strong indicator of a bank’s DNA can be found in the organizations banks have joined. From a climate impact perspective, the Global Alliance for Banking Values sits on the most impactful end of the spectrum.

Banking 347
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JPMorgan Chase wants to be the commercial bank for ‘green economy’ companies

GreenBiz

JPMorgan Chase wants to be the commercial bank for ‘green economy’ companies. Part of the commercial banking division, the group will include dedicated bankers led by Brian Lehman, who most recently led the JPMorgan Chase diversified financials team. Heather Clancy. Mon, 04/12/2021 - 00:05. The largest U.S. Finance & Investing.

Banking 404
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Despite net-zero pledges, banks used $750 billion to finance fossil fuels in 2020

GreenBiz

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.

Net Zero 398
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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. Tue, 10/13/2020 - 00:46.

Net Zero 402
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Canada’s Big Five banks keep moving further away from net-zero

Corporate Knights

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.

Net Zero 353
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‘Any delay means risk’: Senator looks to speed up banks’ net-zero journey

Corporate Knights

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.

Net Zero 345
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How to access $6.97 billion from the EPA’s green bank

GreenBiz

The Climate United Coalition has billions of dollars to give out to advance decarbonization. Here’s how to qualify.

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