Remove Banking Remove Document Remove Net Zero
article thumbnail

Major carbon emitters in Canada are not taking net-zero targets seriously

Corporate Knights

Less than half of Canada’s major carbon emitters have adopted net-zero targets, and none have committed to aligning their capital spending with plans to reduce greenhouse gases, according to a report from Climate Engagement Canada (CEC). However, there is plenty of room for interpretation in disclosure documents.

Net Zero 334
article thumbnail

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

Corporate Knights

The bank’s policy change is an important signal about the need to reduce our reliance on fossil fuels, but it’s not nearly as sweeping as the phase-out of all oil and gas projects climate activists would like to see. Getting banks to stop financing such projects will go a long way in stopping them from moving forward.

Net Zero 317
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Deutsche Bank Publishes Net Zero Transition Plan for Operations, Supply Chain, Financed Emissions

ESG Today

Deutsche Bank announced the publication of its initial Transition Plan, outlining the bank’s methodologies, targets and achievements on its path to net-zero by 2050, across its own operations and supply chain, as well as financed emissions. This will allow us to continuously refine our own Transition Plan.”

Net Zero 104
article thumbnail

COP27 and the Canadian mini climate budget that wasn’t

Corporate Knights

The document was more about the Liberal government’s attempt to roll back inflation and spending than it was about teeing up a major climate conference with some showcase policies, as has been the case before. . negotiator, told the Associated Press. . spending bill that pumps hundreds of billions of dollars into climate investments. .

Net Zero 279
article thumbnail

Standard Chartered to Engage with all Priority Clients in High-Emitting Sectors Over Next 12 Months

ESG Today

International banking group Standard Charteredannounced the release of its inaugural Transition Plan, outlining its detailed plan to achieve its climate goals, including its target to reach net zero emissions across its financing activities by 2050.

article thumbnail

Take-off for the Net Zero Transition  

Chris Hall

COP28 may have not delivered all it promised, but investors now have a clearer idea of how the path to net zero will impact their portfolios. The first-ever mention of “transitioning away from fossil fuels” in COP final text was regarded as a major milestone on the path to net zero, even by those who acknowledged its multiple caveats.

article thumbnail

Take Five: A Victory for Vigilance

Chris Hall

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.