ESG Today

MARCH 18, 2025

The announcement by UBS marks the latest in a series of moves by banks globally to withdraw or pull back on climate commitments, although UBS changes appear less drastic than those by some of its peers.

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ESG Today

OCTOBER 19, 2023

The Monetary Authority of Singapore (MAS), the central bank and financial regulator of Singapore, announced today the issuance of a set of consultation papers with proposed guidelines on net zero transition planning for financial institutions, including banks, insurers and asset managers.

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3BL Media

MAY 28, 2024

This is the fourth in a series of Q & As with the Ceres experts who are engaging with companies to decarbonize six of the highest-emitting sectors of the economy. Q: Why is the decarbonization of the banking sector so important? Banks are at the center of the global economy.

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GreenBiz

SEPTEMBER 14, 2020

And then there are “sub-systemic” shocks, more localized climate-related impacts that “can undermine the financial health of community banks, agricultural banks or local insurance markets, leaving small businesses, farmers and households without access to critical financial services.” Sub-systemic shocks.

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ESG Today

NOVEMBER 30, 2023

Additional banks exiting the SBTi validation process include Societe Generale and ABN AMRO, according to media reports. In a statement provided by Standard Chartered, for example, the bank said that its net zero approach “seeks to support a just transition that encourages the economic and social development of our dynamic market footprint.”

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GreenBiz

DECEMBER 8, 2020

The ensuing conversations — and, no doubt, many more to come — are a continuation of the learning journey I’ve been on for the past few years, seeking to understand the role of the financial sector in advancing sustainability solutions and a clean, decarbonized economy. That’s the realm of banks and other financial institutions. "OK,

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ESG Today

FEBRUARY 9, 2024

UK-based bank Barclays will no longer directly finance new oil and gas projects, and will require its energy sector clients to produce transition plans or decarbonization strategies by the beginning of next year, according to a new “Climate Change Statement” released by the bank.

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ESG Today

JUNE 26, 2024

Sustainable aviation fuel (SAF) technology and production company LanzaJet today announced an investment from Tokyo-based banking group Mitsubishi UFJ Financial Group (MUFG). Koichiro Oshima, Managing Executive Officer, Head of Financial Solutions Group, MUFG Bank, Ltd., ”

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GreenBiz

JANUARY 25, 2021

For example, the Mission Possible Partnership gets leading heavy-industry companies, banks and governments to create investment-grade “net-zero” sector strategies in seven key areas of the global economy — aviation, shipping, trucks, chemicals, steel aluminum and cement.

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ESG Today

JANUARY 22, 2024

The organization is also involved in a lawsuit launched last year against Paris-based global bank BNP Paribas , targeting the bank’s financing for new oil and gas projects and calling for a strong climate policy, based on a similar “duty of vigilance” law in France.

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3BL Media

JUNE 12, 2024

Climate solutions - As extreme weather events increase, and the transition to a netzero global economy picks up steam, Bloomberg is expanding its climate solutions to help corporate strategy, finance and policy professionals better identify, assess, manage and report climate risks and opportunities.

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3BL Media

SEPTEMBER 29, 2023

Achieving a whole economy transition will require common definitions of transition finance across the four strategies and common methodologies for measuring their impact on emissions. The principles outlined in the consultation document are designed to be voluntary, pan-sector and globally applicable.

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3BL Media

FEBRUARY 20, 2024

Trade is the global economy's lifeblood, with maritime transport at its core. But the carbon footprint of port operations and shipping is substantial, with shipping accounting for nearly 3% of global greenhouse gas emissions , according to the Organisation for Economic Co-operation and Development (OECD).

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ESG Today

MARCH 31, 2023

Canada unveiled its response to the emerging global race to scale up green energy and clean tech manufacturing capacity, with proposals for over $60 billion in tax credits and an additional $20 billion in sustainable infrastructure investments in its 2023 budget, presented by Deputy Prime Minister and Minister of Finance, Chrystia Freeland.

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3BL Media

DECEMBER 6, 2023

Market Platforms Regulators require exchanges, marketplaces, banks, and brokers to monitor an array of risks because the default of one or a group of participants could rapidly result in contagion across the financial markets. In addition, clients can collaborate through Verafin’s Information Sharing platform to fight crime.

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Sphera

SEPTEMBER 14, 2022

To decarbonize the global economy in alignment with the goals established by the Paris Agreement, all economic actors in the real economy need to reduce their greenhouse gas (GHG) emissions sufficiently to align with required emissions pathways. commercial banks) but is also relevant to public financial institutions (e.g.,

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3BL Media

DECEMBER 11, 2023

Global Commons Alliance Accountability Accelerator Executive Director. The World Bank estimates that the collapse of natural systems could erase US $2.7 trillion per year from the global economy by 2030. Matic, Ph.D., With over 25% of earth’s species at risk of permanent loss and credible net zero pathways to 1.5°C

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3BL Media

NOVEMBER 17, 2023

The frequency of catastrophic heatwaves, flooding and droughts continues to have an increasingly deadly and devastating impact on all parts of society—including the global economy. COP28 presents an opportunity to raise our global ambition and action. The world is facing unprecedented impacts from a warming planet.

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3BL Media

JUNE 28, 2024

As a corporate professional focused on ESG, nature and decarbonization services, as well as the blue economy, I looked forward to gathering first-hand information that would help drive and contextualize this work. At the same time, the regions have uncovered important prospects for the global economy.

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Sustainable Development Network

OCTOBER 28, 2022

It is a tall, and some would say impossible, order to reform the global economy and almost halve greenhouse gas emissions by 2030, but we must try,” said Andersen. Mobilize central banks: central banks are increasingly interested in addressing the climate crisis, but more concrete action on regulations is needed.

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Sustainable Development Network

JULY 27, 2015

An event on “ Unlocking Public and Private Finance for African Infrastructure ” was co-hosted with the New Partnership for Africa’s Development (NEPAD), Brookings, and African Development Bank (AfDB). The press release is available here. ▶ Remarks by Treasury Secretary Jacob J.

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We Mean Business Coalition

FEBRUARY 15, 2022

Decarbonizing value chains is, of course, more challenging than cutting emissions in a firm’s own operations. Gucci, for example, has partnered with the Italian bank Intesa Sanpaolo to provide SMEs in their supply chain with access to loans at favorable terms and conditions if the supplier improves the sustainability of its operations.

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Chris Hall

JULY 8, 2022

More than 450 firms representing US$130 trillion in assets under management have joined the Glasgow Financial Alliance for Net Zero , a coalition of sector-specific initiatives from banks, asset managers, asset owners, insurers and other financial service providers.

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ESG Today

JANUARY 3, 2025

Morgan Stanley has joined several of its peers in exiting the Net-Zero Banking Alliance (NZBA), a UN-backed coalition of banks dedicated to advancing global net zero goals through their financing activities,ESG Today has confirmed. Morgan Stanleys commitment to net-zero remains unchanged.

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ESG Today

JANUARY 14, 2025

Global alternative investment manager Apollo and UK-based international banking group Standard Chartered announced today the launch of a new strategic partnership focused on accelerating financing for infrastructure, clean transition and renewable energy globally.

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We Mean Business Coalition

NOVEMBER 12, 2021

And over additional 40 businesses have signed the World Green Building Council’s commitment to decarbonize the built environment across their portfolios and business activities. C is a campaign led by the Science Based Targets initiative in partnership with the UN Global Compact and the We Mean Business coalition. .

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GreenBiz

MARCH 8, 2021

Celine Herweijer, Partner, Global Innovation and Sustainability Leader, PwC. The newly anointed group sustainability chief for one of Europe’s largest banks, HSBC — a role she will assume in July — London-based Celine Herweijer is a familiar feature in the continent’s corporate climate movement. LinkedIn | Twitter. LinkedIn | Twitter.

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