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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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HSBC to stop financing new oil and gas fields except in Canada

Corporate Knights

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. Price says it’s disappointing that Canadian banks have failed to do the same as HSBC with a halt to financing for new oil and gas fields.

Net Zero 317
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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.

Banking 365
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Taking stock of Chase, HSBC, and Morgan Stanley's recent climate commitments

GreenBiz

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. Looking across their investments in different sectors and regions, more banks are considering how to reduce the carbon intensity of entire portfolios over time.

Net Zero 365
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European Bank for Reconstruction and Development - EBRD passes green milestone by fully aligning with Paris Agreement

Global Renewable News

By Vanora Bennett Highlights .

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Hong Kong Central Bank Directs Banks to Integrate Net Zero Transition Planning

ESG Today

The Hong Kong Monetary Authority (HKMA), Hong Kong’s central banking institution released a series of principles for banks on planning for the transition to a net zero economy, including ensuring that setting objectives aligned with a net zero transition, and embedding transition considerations into internal processes.

Net Zero 109
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Joe Biden can be the president for a sustainable private sector

GreenBiz

Biden already has rejoined the Paris Agreement, committed to advocating for environmental justice and rolled out a government-wide focus on racial justice. The Office of Sustainable Finance and Business would develop a national strategy for U.S. leadership in sustainable finance and business. Pull Quote. Contributors.