GreenBiz

JULY 12, 2022

Transitioning the global economy to net-zero emissions may be the most Herculean task modern society has faced. Mark Carney, former governor of the Bank of England now serving as the United Nations’ Special Envoy on Climate Action and Finance, is leading the net-zero transition from the frontlines.

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Corporate Knights

JANUARY 12, 2024

In 2022, the Canadian Competition Bureau launched an investigation into whether the Royal Bank of Canada’s advertisements amounted to greenwashing. Now it might be the Ontario Securities Commission’s turn to look into the bank’s green claims. And that’s a problem, Price says. “We

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GreenBiz

JUNE 25, 2021

Episode 274: The nuances of net zero. Net zero meets green finance (14:25). Investors, banks and other members of the global financial community are aligning around net-zero investment priorities, but what does it mean in the short term? GreenBiz Editors. Fri, 06/25/2021 - 02:00. Circular Economy.

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GreenBiz

APRIL 12, 2021

JPMorgan Chase wants to be the commercial bank for ‘green economy’ companies. Part of the commercial banking division, the group will include dedicated bankers led by Brian Lehman, who most recently led the JPMorgan Chase diversified financials team. Heather Clancy. Mon, 04/12/2021 - 00:05. The largest U.S. Finance & Investing.

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Corporate Knights

JUNE 19, 2023

With Budget 2023’s “made-in-Canada plan” released in late March, the federal government has laid out its net-zero industrial policy – a response to the U.S. Institutional innovation is often necessary to build the culture and practice of modern industrial policy with a net-zero focus.

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GreenBiz

JULY 12, 2022

What kinds of companies are investors like Carbon Direct, which makes direct investments into leading carbon removal and utilization firms, and Bank of America, one of the largest green debt financiers in the United States, focusing their attention on?

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Corporate Knights

MAY 15, 2024

Wading into this hot-button arena is an institution that has generally kept quiet on this front: a new paper by the World Bank lays out a roadmap for how the world can substantially reduce the emissions from food systems partly by redirecting the subsidies given to the meat and dairy industries.

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Corporate Knights

DECEMBER 19, 2022

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.

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GreenBiz

NOVEMBER 24, 2020

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. Unpacking commitments.

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Net Zero Banking Paris Agreement Decarbonize 365

3BL Media

DECEMBER 5, 2022

First deal closes with Longroad Energy; new product will be key to meeting bank’s environmental goals, serving growing customer needs. Bank has made.”. Bank to deepen our relationships with new and existing customers,” said Bill Gallagher, director of environmental project finance lending for USBCDC. Bank has made.

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GreenBiz

MARCH 5, 2021

The role of time horizons and relationship banking in financing a net-zero economy. The coming net-zero backlash. Stories discussed this week (5:05). A just energy transition in action: Developing 1G of wind power with tribes. Hacking the climate crisis (21:10). Have a question or suggestion for a future segment?

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ESG Today

SEPTEMBER 4, 2023

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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GreenBiz

DECEMBER 28, 2020

And then there’s the opportunity for companies to offset their emissions, since trees are a natural climate solution that can help draw down greenhouse gases, especially firms adopting net-zero commitments (see below). Net-zero commitments found infinite potential. BP announces net-zero by 2050 ambition.

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ESG Today

OCTOBER 22, 2024

Among the key priorities outlined by the HKMA’s new agenda include directives for banks to reach net zero financed emissions by 2050 and to provide disclosures on climate risks and opportunities, and for the HKMA to incentivize sustainable finance innovation and to provide sustainable-financed training programs for finance professionals.

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ESG Today

JANUARY 25, 2024

HSBC announced today the launch of its first Net Zero Transition Plan, outlining the global bank’s strategy to finance and support the transition to net zero, and to meet the climate goals it has set over the past few years. Click here to access the HSBC Net Zero Transition Plan.

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ESG Today

DECEMBER 7, 2022

Vanguard, one of the largest investment managers in the world, announced today that it is withdrawing from the Net Zero Asset Managers initiative (NZAM), a major multi-trillion dollar group of investment managers committed to supporting the goal of net zero greenhouse gas emissions by 2050.

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Corporate Knights

FEBRUARY 22, 2022

A shareholder advocacy group is challenging the Royal Bank of Canada’s (RBC) use of a fast-growing new financing tool called sustainability-linked debt, in which companies promise to pay financial penalties if they don’t meet social and environmental performance targets.

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3BL Media

OCTOBER 1, 2024

banking sector, highlighting areas of improvement in the design and implementation of their climate finance target-setting and disclosures. bank performance. bank performance. The global shift towards a low-carbon economy has unlocked trillions of dollars in investment opportunities for banks. Policies like the U.S.

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ESG Today

OCTOBER 24, 2023

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.”

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3BL Media

AUGUST 6, 2022

Having banks leverage available data tools to understand where climate vulnerable communities are found within assessment areas and work towards driving investment to those communities. No changes to the asset threshold for small and intermediate small banks.

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3BL Media

DECEMBER 1, 2023

“Taking planetary boundaries into account means that meeting the four key human demands —energy, food, manufacturing, and mobility—will require fundamental system changes,” said Jörg Eigendorf, Chief Sustainability Officer, Deutsche Bank, in an interview with SAPVoice on Forbes.com.

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3BL Media

SEPTEMBER 30, 2022

Following on from last November’s COP26 in Glasgow, Climate Innovation Forum (CIF) was seeking continued climate innovation collaboration this year, uniting senior public and private sector decision makers to accelerate the delivery of net zero commitments.

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GreenBiz

MARCH 26, 2021

How infrastructure is banking on green banks. Unilever sets out net-zero plan for shareholder vote. Episode 261: Sea changes, strategy shifts. Heather Clancy. Fri, 03/26/2021 - 02:00. Week in Review. Stories discussed this week (4:22). Power struggle: The looming high-tech battery crisis.

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ESG Today

SEPTEMBER 6, 2023

For the study, the TPI Centre assessed 26 of the world’s largest global banks according to its recently released Net Zero Banking Assessment Framework, which considers a wide range of indicators from banks’ net zero commitments and targets to their disclosure, climate risk governance and climate solutions financing.

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GreenBiz

JULY 15, 2021

Helle Bank Jorgensen. Companies and countries all over the world are committing to net-zero goals and pledges to the SDGs; diversity, equity and inclusion goals; human rights — the list goes on. We need to put a lot of zeros on the "More than 1,000 businesses" in order to get to a net-zero carbon economy.

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GreenBiz

DECEMBER 7, 2020

The financial services firm recently completed the purchase of the first tranche of reef credits and plans to continue buying them as part of its net-zero commitment. These nature-based solutions are going to become increasingly important," said Hamish Kelly, managing director of global banking, Australia at HSBC. "We

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McKinsey Sustainabilty

JANUARY 13, 2023

Financial institutions will play a leading role in the transition to a net-zero economy. To maximize the opportunity, they must make fundamental changes across portfolios and organizations.

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Chris Hall

SEPTEMBER 19, 2024

The Science Based Targets initiative ’s (SBTi) much-anticipated Financial Institutions Net Zero (FINZ) standard is expected to place banks under more pressure to increase their climate-related transparency and ambition.

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3BL Media

JUNE 15, 2022

DESCRIPTION: Fifth Third Bank’s Chief Sustainability Officer Mike Faillo will be presenting at Bank Director’s Bank Audit & Risk Committees Conference this week in Chicago. Faillo will appear as part of a panel discussion on June 15 titled, “How Banks Are Stepping Up Their ESG Plans.”.

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ESG Today

OCTOBER 20, 2022

Lloyds Banking Group announced today a new commitment to stop funding new oil and gas projects, becoming the first UK bank to do so. Lloyds is a member of the Net Zero Banking Alliance, a group of banks committed to aligning their lending and investment portfolios with net-zero emissions by 2050.

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ESG Today

JANUARY 25, 2023

A group of sustainability-focused shareholder and advocacy groups announced a series of climate-focused shareholder resolutions at several major Wall Street banks today, asking the banks to provide visibility on their plans to achieve their climate goals, and to commit to a timeline to phase out fossil fuel financing.

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Corporate Knights

NOVEMBER 28, 2023

That’s part of the message that Racquel Moses, CEO of the Caribbean Climate-Smart Accelerator and a UN ambassador for net-zero, will be taking to the climate summit being held in Dubai starting this week. Financing is a big obstacle. “It It is not a lack of skill or lack of expertise oftentimes. It is often a lack of bandwidth.

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Corporate Knights

FEBRUARY 9, 2022

Divestment can lead to more sustainability in the real economy,” said Martin Rohleder, the university’s chair of finance and banking, calling it “the first empirical evidence on the impact of divestment.”. s Net-Zero Asset Owner Alliance, a global group committed to setting increasingly stringent emission targets on the road to net-zero.

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ESG Today

NOVEMBER 30, 2023

Additional banks exiting the SBTi validation process include Societe Generale and ABN AMRO, according to media reports. In a statement provided by Standard Chartered, for example, the bank said that its net zero approach “seeks to support a just transition that encourages the economic and social development of our dynamic market footprint.”

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Corporate Knights

OCTOBER 3, 2023

To achieve net-zero emissions by 2050 , the Government of Canada has invested billions of dollars in practical efforts to lessen the effects of climate change and encourage clean economic growth. Together, a combined green and transition taxonomy can support a holistic approach to achieve a low-carbon transition.

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ESG Today

MARCH 18, 2024

Deutsche Bank announced an update to its Long-Term Incentive plan for Management Board members, the most senior executives in the company, with a portion of compensation for the group linked for the first time to the decarbonization of the bank’s corporate loan portfolio, beginning in 2024.

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3BL Media

SEPTEMBER 29, 2023

For financial institutions such as banks, insurance companies and investment managers, scope 3 emissions from supply chains and lending/investment portfolios are often more complex than for other industries. South Pole can help you navigate the existing framework as well as the new net zero guidance (FINZ) which will replace it in Q4 2023.

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