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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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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3BL Media

AUGUST 30, 2022

DESCRIPTION: The race is on, proclaims the United Nations, to create a Net Zero economy (same amount of greenhouse gas /GHG emissions removed from the atmosphere as produced). Public conversations about Net Zero are usually about “fossil fuels vs. renewables” and the impact of each category on climate change.

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ESG Today

NOVEMBER 16, 2023

JPMorgan Chase announced updates to its interim financed emissions reduction targets for three carbon-intensive sectors, including Oil & Gas, Electric Power and Auto Manufacturing, raising the ambition for each to align with pathways required to achieve net zero by 2050.

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ESG Today

AUGUST 5, 2022

International bank and financial services company Standard Chartered announced today that it has appointed Kerry Constabile to lead the company’s net zero and sustainability strategy teams. Constabile joins from Google, where she led the company’s sustainability strategy and company-wide climate plans.

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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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GreenBiz

FEBRUARY 15, 2021

Biden already has rejoined the Paris Agreement, committed to advocating for environmental justice and rolled out a government-wide focus on racial justice. They also have been long-term investors in community banks and credit unions that are addressing economic and racial inequality in urban, rural and Indigenous communities.

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Chris Hall

JANUARY 3, 2024

Now they must wait to see how signatories to the Paris Agreement act on the commitments outlined in the official response to the Global Stocktake, as well as multiple other pledges announced across the two weeks before that final text was signed, sealed and gavelled. Some managers might not cover Scope 3 emissions,” he notes.

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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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Chris Hall

OCTOBER 10, 2024

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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ESG Today

JULY 17, 2024

The bank also announced the appointment of former UK Member of Parliament Danny Alexander as CEO of the new business. In a LinkedIn post following the announcement, Guyett said: “We have a leading presence in the regions where infrastructure needs to be developed and financed to enable a just transition to a low carbon economy.

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Chris Hall

SEPTEMBER 7, 2023

Investors that have set net zero targets for their portfolios have been cautioned to carefully evaluate their positions in majority state-owned oil and gas laggards. The targets of 24 of the companies were found to not be aligned with the goals of the Paris Agreement.

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3BL Media

NOVEMBER 17, 2023

While investors and companies are already setting net zero targets, laying out transition plans, and engaging with governments, more needs to be done to reduce methane emissions and reverse nature loss and water degradation across key sectors. Go to [link] for a full list of events featuring Ceres staff as well as the latest updates.

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ESG Today

FEBRUARY 16, 2023

UK bank Barclays announced a new policy significantly limiting its financing activities for some emissions intensive energy sectors, including ending financing for oil sands companies and projects, and accelerating its phase out of financing for coal-powered generation for clients in OECD economies.

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ESG Today

MAY 20, 2024

Norges Bank Investment Management (NBIM), the investment manager for Norway’s $1.7 The fund has grown to one of the world’s largest, owning nearly 1.5% of all shares in the world’s listed companies, with holdings in nearly 9,000 companies in 70 countries.

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3BL Media

DECEMBER 4, 2023

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 landmark developments and prospects this year. I've been participating since COP 21 when the adoption of the Paris Agreement took place.

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ESG Today

OCTOBER 19, 2022

The ruling referred to ads displayed in bus stops in London and Bristol in October 2021, in the run-up to the COP26 climate conference, promoting HSBC’s initiatives to provide up to $1 trillion in finance and investment to help clients transition to net zero, and to help plant 2 million trees.

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Chris Hall

DECEMBER 1, 2023

COP28 represents a critical, and perhaps the last opportunity for Parties and non-state actors to deliver on the ambitions of the Paris Agreement to limit global average temperature increase to 1.5°C But they cannot do it alone. But this is not widely recognised.

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ESG Today

FEBRUARY 23, 2023

A group of French NGOs, including Friends of the Earth (Les Amis de la Terre) France, Notre Affaire à Tous and Oxfam France announced today that they have launched a lawsuit against Paris-based global bank BNP Paribas, targeting the bank’s financing for new oil and gas projects.

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Chris Hall

MAY 4, 2022

UK bank faces investor scrutiny after shareholder rebellion over Credit Suisse climate plans. Barclays is the latest major bank to come under pressure from shareholders in relation to its financing of the fossil fuel sector.

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3BL Media

MARCH 3, 2022

The Revolving Credit Facility (RCF) was refinanced by Lloyds Bank to support the luxury fashion brand into accelerating emissions reductions by 46 per cent across its extended supply chain (Scope 3) by 2030. pathway laid out in the Paris Agreement. KEYWORDS: ACRE, Liam Goldsworthy, Burberry, Lloyds Bank, Julie Brown.

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Chris Hall

NOVEMBER 9, 2022

Sharm El Sheikh sees progress on accountability and transparency of net zero pledges, but many admit need for regulatory intervention. . New mechanisms for keeping private sector climate promises have taken big steps forward at COP27 this week, while major banks provided limited visibility on their path to net zero. .

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Chris Hall

NOVEMBER 10, 2022

Paris Aligned Asset Owners commit to maintain “high ambition” and drive innovative solutions needed for global low-carbon transition. Big strides towards net zero have been made by pension funds and other heavyweight institutional investors managing more than US$3.3 trillion – but there remains a long way to go.

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Chris Hall

APRIL 12, 2022

The Science-Based Targets Initiative (SBTi) has set out four guiding principles for financial institutions (FIs) to follow to ensure their net zero strategies are consistent with action required to meet “planetary level” emissions targets, in keeping with wider sustainability and societal climate goals. C above pre-industrial levels.

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3BL Media

DECEMBER 11, 2023

trillion needed to meet India’s net-zero target by 2070. degree pathway in line with the Paris Agreement. are exploring opportunities to work with the World Bank to improve municipal finance in Indian cities.* This is expected to accelerate efforts to achieve net zero targets in India as well as in OECD markets.

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GreenBiz

FEBRUARY 1, 2021

The number of companies proclaiming their intent to go net-zero by 2050 has expanded exponentially in the past 12 months, but the ones short-cutting that commitment by a decade are a rarer breed. How do we end up at net-zero? Photo courtesy of PepsiCo. Did that experience influence the final shape of the climate goals?

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ESG Today

JANUARY 22, 2024

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.

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3BL Media

AUGUST 1, 2022

And they include nearly a dozen companies across industries committing to report on their climate lobbying and often on how their lobbying aligns with the Paris Agreement goal of limiting global temperature rise to 1.5 degrees Celsius. “As And Dominion Energy Inc. And Dominion Energy Inc.

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Corporate Knights

JANUARY 25, 2023

BASF resists the characterization, pointing to its track record – since 1990, the company has reduced its greenhouse gas emissions by 50% – and its objective to achieve net-zero by 2050 (five years later than the German national target of 2045). Investor pushback Investors are paying attention.

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3BL Media

NOVEMBER 21, 2022

We also agree with its call for reform of the priorities and processes of multilateral development banks to fit the purpose of addressing the climate emergency, align with the global goal of net zero emissions, and better facilitate private climate investment in developing countries by providing de-risking mechanisms.

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GreenBiz

JANUARY 11, 2021

Last year, Ecolab set a goal for net-zero carbon emissions by 2050, getting halfway there by 2030. The company’s "Commitment to Life" vision for 2030 includes net-zero GHG emissions by 2030, and raising by 7.4 In 2019, Gutierrez issued a new goal of net-zero emissions by 2050, expecting to reach it halfway by 2025.

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Chris Hall

AUGUST 26, 2022

Companies leading the way in the net zero transition deliver higher average returns during periods of anomalous high temperatures and climate policy uncertainty compared to laggards, according to asset manager Robeco. . The post Net Zero Leaders Thrive on Climate Risk – Robeco appeared first on ESG Investor.

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ESG Today

OCTOBER 25, 2022

Societe Generale is a founding member of the Net Zero Banking Alliance (NZBA) , a UN-convened coalition of banks dedicated to advancing global net zero goals through their financing activities.

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Chris Hall

JUNE 17, 2022

Climate negotiators, Wall Street executives and pretty much anyone involved in efforts to decarbonise the planet were left in little doubt that the path to net zero means constant improvement and rigorous scrutiny. The post ICYMI, the Path to Net Zero is Getting Steeper appeared first on ESG Investor.

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Chris Hall

MARCH 15, 2024

Alliance extends net zero targets to capital markets activities, as frameworks provide more tailored approach for banks’ transition strategies. The second of the four guidelines requires banks to establish an emissions baseline and annually measure and report the emissions profile of loans and investments.

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Chris Hall

JULY 15, 2022

When global leaders gathered at COP26 last year, governments pledged ambitious 2030 emissions reduction targets to achieve net zero by 2050. An ideological shift demanded that addressing the impact of climate change be a holistic global effort across both the public and private sectors as codified by Article 6 of the agreement.

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Envirotec Magazine

DECEMBER 1, 2022

This is especially fitting as the conference is taking place seven years after the signing of the Paris Agreement – a legally binding international treaty that commits countries to limiting global warming to below 2 (and preferably below 1.5) degrees Celsius. Putting scope 3 emissions in the spotlight.

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