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A new Swedish iron processing project could disrupt the global steel industry

GreenBiz

In the big picture, while this constitutes a significant step towards a decarbonized steel industry, the impact corresponds to less than 1 percent of the emissions from the global steel industry. The private sector remains the most reliable engine for innovation in our economy. New challenges, new opportunities.

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UBS Pushes Back Net Zero Target by 10 Years Following Credit Suisse Acquisition

ESG Today

UBS remains a member of the NZBA, and in its report, the bank confirmed that it remains committed to its financed emissions decarbonization targets. UBS has 2030 financed emissions goals in place for the Swiss residential and commercial real estate, power generation, iron and steel, cement, and fossil fuel sectors.

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

GreenBiz

Despite this significant drop from 2019 to 2020, the overall trend of the last five years is one heading definitively in the wrong direction," the report states. Decarbonization. Overall, the world's leading banks have channelled $3.8 And yet, today's report comes within hours of the U.K. Finance & Investing. Business Green.

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Sustainable investing is changing global supply chains: 4 key takeaways

GreenBiz

In Taiwan, where I live and work, a large percentage of companies occupy an important position in the global economy as major suppliers of goods across the industrial spectrum. As the GSIA latest report was published in 2018, we are yet to see how Taiwanese investors compare to their global peers for the past year.

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GFANZ Launches Consultation on Transition Finance Strategies and Measuring the Impact on Emissions

3BL Media

Originally posted on GFANZ on September 19, 2023 The Glasgow Financial Alliance for Net Zero (GFANZ) Secretariat today launched a consultation on its work to further refine the definitions of its transition finance strategies and support financial institutions to forecast the impact of these strategies on reducing emissions.

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Following the money: A sustainable finance odyssey

GreenBiz

The ensuing conversations — and, no doubt, many more to come — are a continuation of the learning journey I’ve been on for the past few years, seeking to understand the role of the financial sector in advancing sustainability solutions and a clean, decarbonized economy. Even still, last week’s conversations were a real eye-opener.

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Barclays Ends Direct Financing for New Oil and Gas Projects

ESG Today

UK-based bank Barclays will no longer directly finance new oil and gas projects, and will require its energy sector clients to produce transition plans or decarbonization strategies by the beginning of next year, according to a new “Climate Change Statement” released by the bank.

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