Remove Definition Remove Global Economy Remove Net Zero
article thumbnail

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

GreenBiz

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 398
article thumbnail

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

ESG Today

HSBC , for example, recently pushed back its own target to achieve net zero emissions in its operations and supply chain by 20 years to 2050, and placed its interim financed emissions targets under review, all major U.S. In the report, UBS said that its assets under management with a net zero ambition reached $64.4

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

SAP’s Journey to Net Zero 2030

3BL Media

As a global technology company supporting the vast majority of the world’s business, SAP needs to lead from the front with our ambitions and actions. That is why SAP has committed to achieve net-zero emissions across our value chain by 2030. What Does Net Zero Mean? C science-based emissions reduction target.

Net Zero 147
article thumbnail

11 young professionals on the future of sustainable finance

GreenBiz

With ESG gaining more attention and more companies committing to reaching net-zero emissions in the coming decades or otherwise pledging to do better by people and the planet, it’s inevitable that the next generation of professionals in the field will define the future of sustainable finance. Deonna Anderson. Mon, 05/10/2021 - 01:30.

Net Zero 411
article thumbnail

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.

Net Zero 113
article thumbnail

The Future of Climate Investing

3BL Media

It is estimated that $15 trillion a year must be put toward green technologies to meet net-zero emissions. As climate data becomes more democratized, it will provide a better understanding of which ESG initiatives aid progress toward a net-zero world. Learn about the future of #climate investing from @Nasdaq: [link].

Net Zero 130
article thumbnail

Barclays Ends Direct Financing for New Oil and Gas Projects

ESG Today

degree pathway,” and also includes a set of principles to guide the bank in the application of the definition. The new framework sets out the criteria for classification of transition financing, supporting emissions reductions in high-emitting and hard-to-abate sectors, such as cement, chemicals and steel.

Net Zero 119