Banking and Paris Agreement

Banks flout net-zero targets to cash in on the next LNG boom

Corporate Knights

DECEMBER 9, 2024

Liquefied natural gas developers have expansion plans that could release 10 additional metric gigatons of climate pollution by 2030, and major banks and investors are enabling them to the tune of nearly $500 billion. Many large banks have pledged to reach net-zero emissions, yet they are still financing the LNG boom. Citigroup (U.S.)

Net Zero

Net Zero Banking Paris Agreement Development

How Your Organization Can Buy Paris Agreement-Verified Rainforest Carbon Credits for the First Time

GreenBiz

OCTOBER 20, 2021

Date/Time: November 18, 2021 (1-2PM ET / 10-11AM PT) As governments step up efforts to strengthen the Paris Agreement at COP26 and tackle the climate emergency, corporate action has never been more critical.

Paris Agreement

Paris Agreement COP26 Banking

HSBC is latest bank to pledge net-zero financed emissions by mid-century

GreenBiz

OCTOBER 13, 2020

HSBC is latest bank to pledge net-zero financed emissions by mid-century. HSBC has become the latest bank to commit to achieving net-zero financed emissions, announcing Monday that it intends to align its portfolio of investments and debt financing with global climate targets by mid-century. Cecilia Keating. Tue, 10/13/2020 - 00:46.

Net Zero

Net Zero Banking Paris Agreement Carbon Offsets

How banks can accelerate net-zero emissions commitments

GreenBiz

OCTOBER 27, 2021

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

Net Zero

Net Zero Banking Paris Agreement COP26

Which banks are financing the clean energy transition?

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.

Banking

Banking Net Zero Paris Agreement Value Creation

Investors crank up the heat on bank fossil fuel financing

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.

Banking

Banking Net Zero Paris Agreement Development

Banks spending trillions to finance causes of climate crisis in Global South: report

Corporate Knights

SEPTEMBER 11, 2023

Banks are shelling out more than US$500 billion a year to finance the largest contributors to climate change in the Global South, a region that is especially vulnerable to the roiling weather disasters gripping the planet. It found that banks have provided an estimated $3.2 It found that banks have provided an estimated $3.2

Banking

Banking Paris Agreement Climate Change

Despite net-zero pledges, banks used $750 billion to finance fossil fuels in 2020

GreenBiz

MARCH 26, 2021

Despite net-zero pledges, banks used $750 billion to finance fossil fuels in 2020. Net-zero commitments may have ricocheted across banking sector over the last 18 months, but big banks' attestations of climate concern did not stop many from expanding financing for the world's top fossil fuel firms during the pandemic year.

Net Zero

Net Zero Banking Paris Agreement Climate Change

Advocates urge regulation of banks’ climate commitments to avoid greenwashing

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. . Treasury Department. .

Banking

Banking Greenwashing Net Zero Climate Change

‘Any delay means risk’: Senator looks to speed up banks’ net-zero journey

Corporate Knights

MARCH 24, 2022

In the pursuit of its net-zero 2050 goal, Canada needs a rigorous strategy to require banks and other key financial system players, including Crown corporations, to fully align their operations with the country’s international climate commitments. Matt Price, co-founder of Investors for Paris Compliance.

Net Zero

Net Zero Banking Paris Agreement Climate Change

Is the Competition Bureau's probe into RBC's climate claims a warning to other banks?

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.

Banking

Banking Greenwashing Net Zero Paris Agreement

The World Bank cooks up a recipe for a climate-friendly food system: Cut red meat subsidies

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.

Banking

Banking Paris Agreement Climate Change Net Zero

Bank financing for fossil fuels dips second year in a row

Corporate Knights

MAY 14, 2024

The 60 largest banks in the world have provided US$6.9 trillion in financing to the fossil fuel industry in the eight years since the Paris Agreement was signed, according to a comprehensive new report. But she says it’s too early to conclude that banks have reached peak fossil fuel financing. based bank JP Morgan Chase.

Banking

Banking Paris Agreement Net Zero Sustainable Investment

Dutch Central Bank to Align Equity and Corporate Bond Portfolios with Paris Agreement Goals

ESG Today

DECEMBER 6, 2023

De Nederlandsche Bank (DNB), the central bank of the Netherlands, announced today a new commitment to align its reserves, including its investments in equities and corporate bonds with the Paris Agreement. Image: © De Nederlandsche Bank N.V.

Paris Agreement

Paris Agreement Banking Value Creation Decarbonize

Fossil fuel expansion will be the litmus test for banks’ net-zero promises

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. Royal Bank of Canada and Toronto-Dominion Bank. Royal Bank of Canada and Toronto-Dominion Bank.

Net Zero

Net Zero Banking Climate Change COP26

Morgan Stanley will measure CO2 impact of loans and investments

GreenBiz

JULY 27, 2020

bank to commit to measuring and disclosing the climate impact of its loans and investments, announcing last week that it has joined a multi-trillion dollar group of global financial institutions developing a standardized method for carbon accounting. Morgan Stanley has become the first major U.S. trillion in assets. trillion in assets.

Banking

Banking Chief Sustainability Officer Paris Agreement COP26

HSBC to stop financing new oil and gas fields except in Canada

Corporate Knights

DECEMBER 19, 2022

“It’s a hugely important symbolic step,” says Matt Price, director of corporate engagement for Investors for Paris Compliance, a group that focuses on the financial industry response to the Paris Agreement climate accord. Matt Price, director of corporate engagement for Investors for Paris Compliance.

Net Zero

Net Zero Banking Paris Agreement Climate Change

Taking stock of Chase, HSBC, and Morgan Stanley's recent climate commitments

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.

Net Zero

Net Zero Banking Paris Agreement Decarbonize

Are lawyers and accountants doing enough on climate change?

GreenBiz

OCTOBER 13, 2020

And then there are banks and other financial institutions , which have long been the focus of climate activists. Fifty-five financial institutions including Bank Sarasin, Amalgamated Bank and Standard Chartered are backing the new certification and already have committed to setting science-based targets.

Climate Change

Climate Change Paris Agreement Banking Divestment

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

3BL Media

MAY 24, 2024

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.

Banking

Banking Paris Agreement Net Zero

If done well, financial regulations play a crucial role in cutting carbon emissions

Corporate Knights

MARCH 28, 2023

This cannot continue if we are realistically going to achieve the goals of the Paris Agreement and keep global warming below 1.5 ° C. The new OSFI guideline will require banks and insurance companies to disclose the financial risks they face in a world hit by climate change impacts and shifting toward a low-carbon future.

Paris Agreement

Paris Agreement Climate Change Net Zero Greenwashing

JPMorgan Leaves Net Zero Banking Group, Completing Departure of Major U.S. Banks

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. The departure makes JPMorgan the last large-scale U.S.-based

Net Zero

Net Zero Banking Paris Agreement Shipping

Nordea Signs 68,000 Tonne Carbon Removal Agreement

ESG Today

MARCH 18, 2025

Northern Europe-based financial services company Nordea announced that it has signed a deal with Norwegian startup Inherit Carbon Solutions to remove at least 68,000 tonnes of carbon dioxide from the atmosphere, providing carbon removal credits to the bank starting next year.

Net Zero

Net Zero Paris Agreement Banking Waste

New UN panel looks to hold companies, governments accountable for net-zero pledges

Corporate Knights

JULY 4, 2022

The expert panel’s assessment will include how low-carbon-transition efforts by corporations and sub-national governments align with national commitments made under the Paris Agreement, which aims to limit average increase in temperatures to 1.5°C. Net-zero commitments proliferated ahead of COP26, held last November in Glasgow.

Net Zero

Net Zero Greenwashing Paris Agreement Banking

Hong Kong Central Bank Directs Banks to Integrate Net Zero Transition Planning

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.

Net Zero

Net Zero Banking Paris Agreement Development

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

ESG Today

SEPTEMBER 7, 2023

The impact on banks’ businesses would largely be a result of the transition effects on the companies and households which they loan to.

Banking

Banking Paris Agreement Green Investing Manufacturing

Fed to Launch Climate Risk Resilience Tests with Big Banks

ESG Today

SEPTEMBER 30, 2022

Federal Reserve Board announced Thursday that it will launch a pilot climate scenario analysis with six large banks, aimed at assessing the resilience of the financial institutions to various climate scenarios, and enhancing the ability of supervisors and firms to measure and manage climate-related financial risks.

Banking

Banking Paris Agreement Climate Change Development

Editor's note: The world needs a climate moonshot

Corporate Knights

JANUARY 26, 2023

It also means cutting off financing for new fossil fuel projects, which HSBC (one of the largest banks in the world) and Lloyds (the largest domestic bank in the U.K.) But as former Bank of England (and Canada) governor Mark Carney has made clear, “the biggest threat to achieving 1.5

Paris Agreement

Paris Agreement Banking Divestment Net Zero

European Bank for Reconstruction and Development - EBRD passes green milestone by fully aligning with Paris Agreement

Global Renewable News

DECEMBER 21, 2022

By Vanora Bennett Highlights .

Paris Agreement

Paris Agreement Banking Development Climate Change

World Bank Report Calls for Reform of Environmentally Impactful Subsidies

Environment + Energy Leader

JUNE 19, 2023

Annually, countries spend six times more on subsidizing fossil fuel consumption than their commitments under the Paris Agreement.

Paris Agreement

Paris Agreement Banking

Seven ways to inform better decisions with TCFD reporting

GreenBiz

SEPTEMBER 28, 2020

The sustainability manager saw this as an excellent starting point to set science-based targets for a reduction in emissions, with the targets reflecting the Paris Agreement and carbon reduction plans for countries in which the company did business. Risk officer: Assessing exposure to climate-linked credit risk .

Paris Agreement

Paris Agreement Supply Chain Supply Chains Climate Change

Joe Biden can be the president for a sustainable private sector

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.

Paris Agreement

Paris Agreement Sustainable Investment Net Zero Climate Change

With 1.5°C looming, UN launches plan to jump-start renewables

Corporate Knights

JUNE 6, 2022

C does not mean we have breached the iconic threshold of the Paris Agreement, but it does reveal that we are edging ever closer to a situation where 1.5°C Some of Canada’s largest banks, including the Royal Bank of Canada and Toronto-Dominion Bank, more than doubled their financing of the oil sands in 2021 to $16.8

Banking

Banking Paris Agreement Net Zero Supply Chains

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

GreenBiz

DECEMBER 7, 2020

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. According to Greencollar and investment of $4 billion Australian is required to meet water quality targets for the Great Barrier Reef.

Net Zero

Net Zero Climate Change Paris Agreement Supply Chains

World Bank, IMF Meetings Are ‘Last Chance’ Before COP29

Chris Hall

OCTOBER 18, 2024

Remodelling sustainable finance Given the obsolescence of some of the attributions created throough the Bretton Woods Agreement in 1944, the IMF and the World Bank have been under increased pressure to reform their structures in recent years. Next up on the agenda could be governance reform, Scull ventured.

Banking

Banking Development Paris Agreement Academics

These 50 Canadian corporations are betting big on green

Corporate Knights

JUNE 26, 2024

C 27 49 BGIS Real estate & leasing C+ SBTi 28 33* Sun Life Financial Inc Insurance companies C+ NZAM 29 31* Desjardins Group Banks C SBTi, 1.5°C, C 27 49 BGIS Real estate & leasing C+ SBTi 28 33* Sun Life Financial Inc Insurance companies C+ NZAM 29 31* Desjardins Group Banks C SBTi, 1.5°C, Climate commitments legend 1.5°C:

Net Zero

Net Zero Banking Manufacturing Sustainable Investment

“Insufficient” Action from Banks to Meet Climate Targets

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.

Banking

Banking Net Zero Paris Agreement Climate Change

Inogen Alliance Presents at COP29 in Azerbaijan

3BL Media

NOVEMBER 6, 2024

Abdel-Aziz is currently the co-chair of Sharm El Sheikh Mitigation Ambition and Implementation Work Program under the Paris Agreement. Dr. Abdel-Aziz is a member of the Methodologies Panel of the CDM Executive Board since 2005 and a member of the Methodologies Expert Panel of Article 6.4.

Paris Agreement

Paris Agreement Climate Change Waste Development

Banks Must Radically Change Climate Perspective

Chris Hall

FEBRUARY 5, 2024

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

Banking Paris Agreement Greenwashing Green Investing

Standard Chartered to Engage with all Priority Clients in High-Emitting Sectors Over Next 12 Months

ESG Today

MARCH 4, 2025

International banking group Standard Charteredannounced the release of its inaugural Transition Plan, outlining its detailed plan to achieve its climate goals, including its target to reach net zero emissions across its financing activities by 2050.

Net Zero

Net Zero Banking Decarbonize Chief Sustainability Officer

Expectations Going Into COP28

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.

Paris Agreement

Paris Agreement Net Zero Development Climate Change

Ontario Power Generation includes nuclear energy in green bonds

Corporate Knights

JULY 26, 2022

Many large institutional investors such as pension funds and banks have targets to make their portfolios more sustainable, and green bonds are part of that mix. . Cipolla says the “green” label allowed OPG to charge a premium of an estimated three-to-five basis points on the bonds.

Green Bonds

Green Bonds Paris Agreement Net Zero Zero Carbon

Whether pandemic or climate crisis, you better get your data right

GreenBiz

JUNE 25, 2020

Since then, the asset manager backed two proposals at the annual general meetings of both Chevron and Exxon, related to the manner these companies conduct themselves in relation to Paris Agreement targets. If the European Union agrees on a border price for carbon, what should it be? Why do this?

Paris Agreement

Paris Agreement CDP Logistics Banking

HSBC Launches New Infrastructure Finance Unit to Pursue Low Carbon Transition Opportunities

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.

Net Zero

Net Zero Paris Agreement Banking Development

Banks flout net-zero targets to cash in on the next LNG boom

How Your Organization Can Buy Paris Agreement-Verified Rainforest Carbon Credits for the First Time

Trending Sources

HSBC is latest bank to pledge net-zero financed emissions by mid-century

How banks can accelerate net-zero emissions commitments

Which banks are financing the clean energy transition?

Investors crank up the heat on bank fossil fuel financing

Banks spending trillions to finance causes of climate crisis in Global South: report

Despite net-zero pledges, banks used $750 billion to finance fossil fuels in 2020

Advocates urge regulation of banks’ climate commitments to avoid greenwashing

‘Any delay means risk’: Senator looks to speed up banks’ net-zero journey

Is the Competition Bureau's probe into RBC's climate claims a warning to other banks?

The World Bank cooks up a recipe for a climate-friendly food system: Cut red meat subsidies

Bank financing for fossil fuels dips second year in a row

Dutch Central Bank to Align Equity and Corporate Bond Portfolios with Paris Agreement Goals

Fossil fuel expansion will be the litmus test for banks’ net-zero promises

Morgan Stanley will measure CO2 impact of loans and investments

HSBC to stop financing new oil and gas fields except in Canada

Taking stock of Chase, HSBC, and Morgan Stanley's recent climate commitments

Are lawyers and accountants doing enough on climate change?

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

If done well, financial regulations play a crucial role in cutting carbon emissions

JPMorgan Leaves Net Zero Banking Group, Completing Departure of Major U.S. Banks

Nordea Signs 68,000 Tonne Carbon Removal Agreement

New UN panel looks to hold companies, governments accountable for net-zero pledges

Hong Kong Central Bank Directs Banks to Integrate Net Zero Transition Planning

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

Fed to Launch Climate Risk Resilience Tests with Big Banks

Editor's note: The world needs a climate moonshot

European Bank for Reconstruction and Development - EBRD passes green milestone by fully aligning with Paris Agreement

World Bank Report Calls for Reform of Environmentally Impactful Subsidies

Seven ways to inform better decisions with TCFD reporting

Joe Biden can be the president for a sustainable private sector

With 1.5°C looming, UN launches plan to jump-start renewables

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

World Bank, IMF Meetings Are ‘Last Chance’ Before COP29

These 50 Canadian corporations are betting big on green

“Insufficient” Action from Banks to Meet Climate Targets

Inogen Alliance Presents at COP29 in Azerbaijan

Banks Must Radically Change Climate Perspective

Standard Chartered to Engage with all Priority Clients in High-Emitting Sectors Over Next 12 Months

Expectations Going Into COP28

Ontario Power Generation includes nuclear energy in green bonds

Whether pandemic or climate crisis, you better get your data right

HSBC Launches New Infrastructure Finance Unit to Pursue Low Carbon Transition Opportunities

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