Renew Economy

FEBRUARY 13, 2025

Two of the five Australian banks remaining in the Net Zero Bank Alliance are sending mixed signals about their future involvement after Macquarie pulled out. The post “War on woke banks:” Macquarie joins mass exit from net zero alliance. Will Australia’s Big Four follow suit?

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GreenBiz

FEBRUARY 23, 2022

A new analysis reveals Net Zero Banking Alliance members funneled $33 billion towards expanding oil and gas production over the past year, but the banks insist they are working to reduce their exposure to fossil fuels.

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Renew Economy

APRIL 17, 2023

Betting on a sinking ship: Nine banks provide key backing for massive and controversial offshore gas reservoir in Timor Sea – despite most pledging net zero targets. The post Banks committed to net zero fund “Australia’s dirtiest” offshore gas project, report finds appeared first on RenewEconomy.

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ESG Today

DECEMBER 23, 2024

Wells Fargo has decided to exit the Net-Zero Banking Alliance (NZBA), marking the second major departure from the UN-backed coalition of banks dedicated to advancing global net zero goals through their financing activities, following Goldman Sachs earlier this month.

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Corporate Knights

NOVEMBER 3, 2022

Just a year ago, Mark Carney inspired optimism among climate finance campaigners by founding a new alliance of banks and other financial institutions that pledged to decarbonize their portfolios. Banks and investors cannot wish away the terrifying math of the global 1.5°C Photo by Bank of England/Flickr.

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Corporate Knights

OCTOBER 3, 2022

Mark Carney’s US$130-trillion Glasgow Financial Alliance for Net Zero (GFANZ) has lost two pension funds and a consulting company in recent weeks, and some large U.S. and Canadian banks are threatening to withdraw because of new membership criteria requiring a fossil fuel phase-down. Former U.S.

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Corporate Knights

JUNE 22, 2022

In early April, Wet’suwet’en hereditary Chiefs and environmentalists looked to attend the Royal Bank of Canada’s annual general meeting, hoping to speak with the bank’s CEO, David McKay. Another member of the Net-Zero Banking Alliance, U.K.-based

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Corporate Knights

JULY 4, 2022

Net-zero pledges have become commonplace among corporations, financial institutions and cities, but questions abound as to whether those companies and governments have real plans in place to achieve them. In many cases, corporations or local governments don’t yet know how they will achieve net-zero status by 2050.

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Corporate Knights

AUGUST 4, 2022

As the warming climate drives up temperatures and ignites wildfires across many parts of the globe this summer, a new study shows some of the world’s largest asset management companies have some of the smallest net-zero targets for their portfolios. . trillion in assets, came last at 4% net-zero assets under management.

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Corporate Knights

MARCH 21, 2022

Hundreds of corporations are proclaiming their climate commitments with four little words: net-zero by 2050. A new Corporate Climate Responsibility Monitor report examined 25 global giants – from Amazon to Volkswagen – that have publicly made net-zero or carbon-neutral commitments. oil] states.”

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Corporate Knights

FEBRUARY 22, 2024

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). CEC, which comprises 41 of the largest asset managers in Canada, with $5.2 However, the lack of 1.5C-aligned

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Corporate Knights

JANUARY 21, 2022

Many of the world’s biggest banks face the enormous challenge of realigning their entire loans and investment operations in the coming years to put themselves on a credible path to achieve net-zero carbon emissions by 2050. “We Royal Bank of Canada and Toronto-Dominion Bank.

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GreenBiz

OCTOBER 27, 2021

On the eve of COP26, large banks have yet so shift fundamentally towards the Paris Agreement.

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Corporate Knights

MAY 23, 2023

So climate activists were surprised and disappointed when three large reinsurance companies backed out of the United Nations’ Net-Zero Insurance Alliance (NZIA) within just three weeks of each other this spring. The post Insurance giants exit net-zero pact appeared first on Corporate Knights.

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GreenBiz

DECEMBER 1, 2021

Banks can influence corporate behavior by offering loans and investments that factor in climate-related risks.

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Corporate Knights

SEPTEMBER 16, 2022

A coalition of environmental groups is calling on the federal government to regulate climate commitments made by banks and other financial institutions to avoid greenwashing and accelerate change. .

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Corporate Knights

MAY 17, 2023

They’ve permeated nearly every product category, from “carbon neutral” burgers and disposable cola bottles made with “plastic from the sea” to net-zero oil companies and ESG labels slapped on trillions of dollars in poorly regulated investment funds. But the Wild West era may be coming to an end. At the same time, the U.K.’s

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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

FEBRUARY 10, 2023

New research reveals that banks are doing little to finance a low-carbon future, while investing trillions in multinational oil companies, some of which have doubled their profits in the last year. During that timeframe, the banks continued to pour $2.3 billion in 2016 and $34.5 billion in 2016 and $34.5 org, on his website.

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Corporate Knights

SEPTEMBER 30, 2022

The real question is, are the world’s banks ready to fund the development of renewable technologies at scale, and updating all the infrastructure in between? And which banks will take the lead? . Corporate Knights researchers ranked 60 banks for which they found quantifiable sustainable-revenue data from an initial pool of 91 banks.

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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

OCTOBER 14, 2022

The federal Competition Bureau’s decision to investigate charges of misleading advertising against the Royal Bank of Canada is a sign that federal regulators are paying closer attention to the climate crisis and its causes, says the environmental law charity that filed the case.

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Corporate Knights

JULY 31, 2023

At Investors for Paris Compliance, we just reviewed our major banks' net zero progress to assess whether they may have it covered. They say they are committed to net zero, and between them, they have pledged about $2 trillion of what they call “sustainable finance” by 2030.

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Corporate Knights

JANUARY 21, 2025

Computers & peripherals mfg $366,926 12% 728:1 50% 76% 0% C 1.5C, SBTi 80 52 Investec Ltd Sandton, South Africa Banks $2,308,452 6% 48:1 58% 4% N.A. C NZIA, NZAO 82 Bank of Montreal Montreal, Canada Banks $1,670,219 8% 61:1 46% 7% N.A. Banks $2,854,401 8% 46:1 50% 4% N.A. Banks $303,387 9% 152:1 33% 3% N.A.

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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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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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ESG Today

JANUARY 2, 2025

Launched in 2021 with Citi and BofA as founding members the Net-Zero Banking Alliance is a coalition of more than 140 banks spanning 44 countries.

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Corporate Knights

OCTOBER 1, 2023

Talk of where banks do and don’t put their money doesn’t usually make the red carpet. In the fight against climate change, banks can be seen as villains – but also, depending on where they invest their money, heroes. This year, the study wrested sustainability-based data out of 87 banks participating in the U.N.-organized

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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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ESG Today

MARCH 18, 2025

The announcement by UBS marks the latest in a series of moves by banks globally to withdraw or pull back on climate commitments, although UBS changes appear less drastic than those by some of its peers.

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ESG Today

JANUARY 7, 2025

JPMorganChase has chosen to exit the Net-Zero Banking Alliance, ESG Today has confirmed, marking the latest in a rapid-fire series of departures from the UN-backed coalition of banks dedicated to advancing global net zero goals through their financing activities.

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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 18, 2023

All federally regulated financial institutions, including banks and insurance companies, will be required to participate during 2024 in an echo of a pilot project conducted with similar methodology last year with a handful of financial institutions volunteering.

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Corporate Knights

OCTOBER 7, 2022

To most people, central banking is a mystery. The key is to know that, while a bank creates money as a loan that needs to be repaid, a central bank creates it as a gift to the economy at a time of crisis that does not need to be repaid. Just like a private bank, a public bank can create money.

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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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Corporate Knights

MAY 14, 2024

The 60 largest banks in the world have provided US$6.9 trillion in financing for new fossil fuel expansion projects, investments that put the net-zero goal of the Paris Agreement in jeopardy. But she says it’s too early to conclude that banks have reached peak fossil fuel financing. based bank JP Morgan Chase.

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