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Seven ways to inform better decisions with TCFD reporting

GreenBiz

Seven ways to inform better decisions with TCFD reporting. Each can apply TCFD reporting intelligence to inform better decisions in different ways. A large commercial bank wanted to estimate the impact of a carbon tax on the credit risk of companies in their loan book. Steven Bullock. Mon, 09/28/2020 - 00:00.

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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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Investors Drive Banks Toward Greater Transparency on Climate in 2024 Proxy Season

3BL Media

May 24, 2024 /3BL/ - In a notable move for the 2024 proxy season, New York City Comptroller Brad Lander and New York City Public Pension Boards (NYCERS) submitted six shareholder proposals asking banks to disclose a novel metric for assessing their progress towards their net zero targets and contributions to the clean energy transition.

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The 25 most sustainable private companies in the world

Corporate Knights

They dont have the same regulatory requirements to disclose information that public companies do, especially when it comes to revenues and profits. Its development bank provides concessional loans, or so-called soft loans, for sustainable projects that are implemented by Austrian companies in less developed countries. Canada 47.2%

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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.

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HSBC invests in world’s first ‘reef credit’ system

GreenBiz

According to Sweatman, GreenCollar requires farmers to record information across the entire property so auditors know what is happening all over the farm. HSBC is targeting net-zero in operations and supply chain by 2030; it also seeks to align its portfolio of investments with the Paris Agreement goal to achieve net-zero emissions by 2050.

Net Zero 467
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“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.

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