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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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ECB Stress Test: Banks’ Credit Risk Doubles by 2030 Under Slower Climate Transition

ESG Today

The accelerated transition scenario assumes a significant increase in energy costs in the near term, and substantially greater initial green investments, rising to €2 trillion by 2025, compared to only €0.5 trillion in the other.

Banking 130
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Banks Must Radically Change Climate Perspective

Chris Hall

Around 90% of EU banks are exposed to climate transition risks, recent analysis from the ECB shows. Banks globally are increasingly feeling two-pronged pressure from regulators and investors to up their climate ambition and stop financing fossil fuels.

Banking 75
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How the US Is Running Away with Green Investment

Chris Hall

In the race to net zero, Victoria Judd, Counsel at Pillsbury Winthrop Shaw Pittman, explains how the US is lapping the UK and EU in stimulating its green economy. The UK, meanwhile, is trailing behind in terms of green investment. A good example of this is sustainable aviation fuels (SAFs) investment.

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Greenwashing Risk Grows in China ESG Funds

Chris Hall

In 2018, the Asset Management Association of China, a self-regulatory body set up by the sector, released Green Investment Guidelines for trial implementation. The guidelines define the concept of green investment, and set out basic objectives, principles, and methods of supervision.

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Evolve and Inspire

Chris Hall

They have the size and influence to trigger a domino effect that will accelerate the greening of the finance sector. When it comes to decarbonisation and meeting the goals of the Paris Agreement, they should be trailblazing. They can also direct finance to hard-to-reach areas that are desperate for climate finance.

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ESG Bond Issuance to Quadruple by 2025

Chris Hall

According to the Climate Bonds Initiative, cumulative issuance under the Climate Bonds Standard, which requires science-based alignment to the goals of the Paris Agreement, passed US$210 billion last year, covering certified bonds and other debt instruments issued by 200 entities from 40 countries. Inconsistent information.