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Morgan Stanley will measure CO2 impact of loans and investments

GreenBiz

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 365
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Joe Biden can be the president for a sustainable private sector

GreenBiz

His ability to achieve his agenda will require action from key sectors across the country, including the investment and business community. Biden already has rejoined the Paris Agreement, committed to advocating for environmental justice and rolled out a government-wide focus on racial justice.

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Regulator Bans HSBC Ads Highlighting Green Activities as Misleading

ESG Today

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.

Net Zero 136
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At COP28, Influential Investors, Companies, and Policymakers To Call for Greater Global Ambition and Accelerated Action To Limit Temperature Rise and Achieve a Net Zero Economy

3BL Media

—such as California’s corporate climate disclosure laws and the Inflation Reduction Act of 2022, which is already delivering hundreds of thousands of new jobs and sustainable investments across the country—there is much more that needs to be done to limit global temperature rise and achieve a net zero emissions economy by 2050.

Net Zero 113
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Sustainable Finance Demands More Than Just Cutting Carbon

Chris Hall

Supporting resilience and just transition are as important as climate mitigation, says Lihuan Zhou, Associate at the World Resources Institute’s Sustainable Finance Center. Sustainable investing is a key part of curbing climate change, and the sector is showing some signs of progress. Going Beyond Net Zero Emissions.

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Investment Firm Ramps up Clients' Sustainability Efforts

3BL Media

The investment firm has spent more than two decades helping companies adopt climate-friendly business models which will continue this year with a focus on the phase-out of unabated coal generation by 2030 for developed markets and 2050 for developing markets, in order to achieve the goals, set out in the Paris Agreement.

Net Zero 130
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Decarbonising Investment Portfolios on the Journey to Net Zero

3BL Media

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. Clearly much more needs to be done to pivot towards more sustainable investment and lending practices.

Net Zero 113