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

GreenBiz

After all, through their product offerings, lending activities and client engagement, financial institutions can play a key role in influencing the transformation necessary for a net-zero emissions economy. What we have given the market is an ambition that our total financing by 2050 will be net zero. Pull Quote.

Net Zero 365
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Investors crank up the heat on bank fossil fuel financing

Corporate Knights

Citigroup and Bank of America – the two largest banks financing recent fossil fuel projects -- are expected to take the brunt of the action. “Bank of America has publicly committed to the Paris Agreement but continues to finance fossil fuel expansion with no phase-out plan,” Kate Monahan of Trillium Asset Management said in a statement. “By

Banking 351
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Expectations Going Into COP28

3BL Media

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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Take Five: A Victory for Vigilance

Chris Hall

UK banks, on the other hand, followed their transatlantic counterparts in weakening alignment of their business models with net zero objectives. NatWest and Barclays both dropped climate targets from their bonus schemes for senior executives, while HSBC pushed back its net zero ambitions by 20 years.

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20 C-suite sustainability champions for 2021

GreenBiz

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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Dutch Pension Giant PFZW Divests 98% of Oil and Gas Companies over Lack of Climate Action

ESG Today

In a blog post announcing the divestments, PFZW described the remaining companies as “fully committed to the transition from fossil energy to renewable energy or are currently already producing mainly energy with a low carbon footprint.” Overall, PFZW exited its investments in 310 companies, selling €2.8 billion of securities.

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Accelerating Climate Action

3BL Media

Scott Tew, VP Sustainability: With the call to triple renewables deployment and transition energy systems away from fossil fuels, Dubai may be the most significant COP since the Paris Agreement in 2015. Is the agreement perfect? Read more from Helen in her blog, A Climate for Innovation. Of course not. Absolutely.