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.

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Net Zero Banking Paris Agreement Climate Change 317

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.

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Net Zero Banking Paris Agreement Decarbonize 365

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.

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Climate Change Paris Agreement Banking Divestment 474

Corporate Knights

NOVEMBER 26, 2024

For the first time carbon credits will be recognized under the Paris Agreement, enabling countries and companies to use offsets to meet their carbon reduction targets, potentially giving a huge boost to carbon credit trading. At least one major international bank, HSBC, is voting with its feet.

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Carbon Offsets Paris Agreement Net Zero Banking 278

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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Net Zero Banking Paris Agreement Development 111

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.

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Banking Paris Agreement Climate Change Development 119

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.

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Banking Paris Agreement Green Investing Manufacturing 130

Global Renewable News

DECEMBER 21, 2022

By Vanora Bennett Highlights .

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Paris Agreement Banking Development Climate Change 100

Environment + Energy Leader

JUNE 19, 2023

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

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Paris Agreement Banking 98

Environmental Finance

AUGUST 23, 2022

Japanese banks' loan books are misaligned with the Paris Agreement, said a paper written by the 2 Degrees Investing Initiative (2DII) and released by the Financial Services Agency (FSA)'s Finance Research Center.

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Paris Agreement Banking 45

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 .

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Paris Agreement Supply Chain Supply Chains Climate Change 275

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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Paris Agreement Sustainable Investment Net Zero Climate Change 315

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 467

Net Zero Climate Change Paris Agreement Supply Chain 467

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.

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Banking Paris Agreement Greenwashing Green Investing 75

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.

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Banking Development Paris Agreement Academics 98

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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Banking Net Zero Paris Agreement Climate Change 72

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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Paris Agreement Net Zero Development Climate Change 147

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?

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Paris Agreement CDP Logistics Banking 237

GreenBiz

OCTOBER 30, 2020

She chats about JPMorgan Chase's new financing commitment aligned with the Paris Agreement, how it's helping clients with their carbon mitigation journeys, and its strategy for supporting stronger community resilience. . Subject matter experts from Kwik Lok, Walmart and Second Harvest Food Bank join us at 1 p.m.

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Paris Agreement Waste Decarbonize Banking 217

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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Banking Paris Agreement Net Zero Development 137

ESG Today

JULY 4, 2022

The European Central Bank (ECB) announced today a series of moves to further incorporate climate change considerations into its monetary policy framework, including actions to decarbonize its portfolio of corporate bond holdings over time, and to introduce climate-related disclosure requirements for collateral.

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Paris Agreement Climate Change Banking Decarbonize 145

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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Net Zero Paris Agreement Banking Development 114

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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Banking Net Zero Paris Agreement 128

Chris Hall

MARCH 27, 2024

They called for the company to align its medium-term Scope 1 to 3 decarbonisation targets with the Paris Agreement and take more ownership of its Scope 3 emissions. “Shell’s updated strategy has moved the company even further away from Paris Alignment,” says Van Baal. The ball is now in the investors’ court. “But

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Paris Agreement Climate Change Divestment Banking 133

GreenBiz

OCTOBER 7, 2020

Amid myriad social, health and political crises, business sustainability is alive and well and living the Paris Agreement. BNP Paribas is enlisting Christina Cho , in her 13th year at the bank, as co-head with Anne van Riel of Sustainable Finance Capital Markets Americas. Who's news.

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Chief Sustainability Officer Paris Agreement Climate Change Banking 331

ESG Today

MAY 20, 2024

Norges Bank Investment Management (NBIM), the investment manager for Norway’s $1.7

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Paris Agreement Net Zero Banking 126

3BL Media

AUGUST 30, 2022

Take major banks for example – what are the institutions financing in the context of the Paris Agreement? Take major banks for example – what are the institutions financing in the context of the Paris Agreement? Getting there is a huge challenge for public, private, and social sectors.

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Net Zero Paris Agreement Climate Change Banking 113

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. Process metrics weigh controllable actions that an organisation can undertake achieve an outcome.

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Net Zero Banking UNEP Paris Agreement 64

Impact Alpha

APRIL 26, 2023

In the seven years since the Paris Agreement was signed, companies and governments around the world have pledged to reduce their greenhouse gas. The post Despite their climate commitments, the world’s biggest banks are still pouring billions into fossil fuels appeared first on ImpactAlpha.

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Paris Agreement Banking 52

ESG Today

MARCH 28, 2023

It equips them with a new tool to assess the level of issuers alignment with climate change mitigation, adaptation, and low-carbon transition objectives, which will be fundamental to contributing towards meeting the objectives of the Paris Agreement.”

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Paris Agreement Climate Change Banking Development 92

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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Climate Change Banking Net Zero Paris Agreement 122

ESG Today

OCTOBER 19, 2022

Following the ruling, Adfree Cities said in a social media post that “from today, banks are on notice over greenwashing.”. HSBC isn't the only bank with a lethal addiction to fossil fuels: @Barclays & others are also bankrolling the #ClimateCrisis.

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Net Zero Greenwashing Banking Paris Agreement 136

ESG Today

NOVEMBER 16, 2023

The new targets form part of the company’s commitment, announced in October 2020 , to align its financing activities with the goals of Paris Agreement, and to help clients navigate the challenges and capitalize on the long-term economic and environmental benefits of transitioning to a low-carbon world. million CO2e.

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Net Zero Paris Agreement Zero Carbon Manufacturing 114

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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Net Zero Paris Agreement Chief Sustainability Officer Zero Carbon 105

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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Net Zero Banking Paris Agreement Climate Change 98

ESG Today

MARCH 23, 2023

The European Central Bank (ECB) announced today the publication of its first climate-related financial disclosures for its corporate sector and non-monetary policy portfolios, indicating progress towards the decarbonization of the Eurosystem’s €385 billion of corporate securities holdings.

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Decarbonize Paris Agreement Climate Change Banking 122

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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