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HSBC is latest bank to pledge net-zero financed emissions by mid-century

GreenBiz

We are committed to developing products that allow them to invest or participate in efforts to bring about a more sustainable global economy.". "We know this is an issue that many of our 40 million customers care deeply about, particularly in our retail and private banking businesses," Quinn wrote. Pull Quote.

Net Zero 402
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Aligning Capital to Ambitious Climate Goals

Chris Hall

As we approach COP29, which (roughly) coincides with the fourth anniversary of the Net Zero Asset Managers initiative (NZAM), it’s an excellent moment to reflect on progress and reaffirm the individual commitments of NZAM signatories to accelerating the transition to a net zero global economy.

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

GreenBiz

trillion to coal, oil and gas companies in the five years since the Paris Agreement was signed, it calculates. Nonetheless, it's clear that all banks need to replace empty promises with meaningful policies enacting zero tolerance for fossil fuel developers.". Overall, the world's leading banks have channelled $3.8

Net Zero 398
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The world has consumed half a trillion tonnes of virgin materials since the Paris Agreement

Envirotec Magazine

The throwaway global economy is fuelling the climate crisis with more than half a trillion tonnes of virgin materials consumed since the 2015 Paris Agreement, according to a report from impact organisation Circle Economy launched on 19 January. billion last year.

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Lessons of giants will bring us to a greener future

Corporate Knights

Brazil, Russia and China have pledged to be net-zero by 2060, and India, which is at an earlier stage of industrial development, by 2070. And 130 countries have also promised to reach net-zero emissions by 2050, including all the G7 countries and South Africa. These pledges should not be underestimated. What is the right speed?

Net Zero 261
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Green groups urge UN to raise climate ambition on global shipping

GreenBiz

Campaigners maintain that stronger ambition is required given that the 2030 target the IMO is working towards — a 40 percent reduction in carbon-intensity emissions — is not aligned with the Paris Agreement in the first place.

Shipping 436
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International Agreement Reached at COP15 to Halt Biodiversity Loss, Protect Ecosystems

ESG Today

Global governments have agreed to new goals aimed at ending biodiversity loss this decade, protect natural ecosystems and ramp biodiversity-related financing to developing nations, with the adoption today of the Kunming-Montreal Global Biodiversity Framework at the COP15 UN Biodiversity Conference in Montreal, Canada.