Remove Banking Remove Global Economy Remove Paris Agreement
article thumbnail

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.

Net Zero 402
article thumbnail

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
Insiders

Sign Up for our Newsletter

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

article thumbnail

The 25 most sustainable private companies in the world

Corporate Knights

While publicly traded companies often dominate the headlines, private companies are a much larger part of the global economy. Oesterreichische Kontrollbank AG Sustainable development bank Oesterreichische Kontrollbank (OeKB) or Austrian Control Bank is a special-purpose financial institution owned by Austrias main banks.

Net Zero 209
article thumbnail

“Insufficient” Action from Banks to Meet Climate Targets

Chris Hall

Lenders are urged to end fossil fuel expansion and convert targets into “meaningful commitments” as US banks fall behind international peers. Action by banks to reach net zero emissions and meet climate goals is “insufficient”, according to two reports which also highlight significant gaps in the policies guiding the sector’s transition.

Banking 72
article thumbnail

ING Faces Climate Lawsuit from Group that Won Case Against Shell

ESG Today

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.

article thumbnail

COP27: A Breakthrough for People and Planet

3BL Media

Serving as a negotiator to the series of Climate Change COP events since COP21 (2015) where the Paris Agreement was adopted, Dr Abdel-Aziz provided the Alliance with exclusive insight into this year’s landmark developments and future prospects. Human activity is overloading the natural carbon cycle.

article thumbnail

Nasdaq Maintains a High Position in Chartis RiskTech100 Rankings

3BL Media

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.

Banking 147