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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. Pull Quote. Finance & Investing.

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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BP hits the brakes on transition away from fossil fuels

Corporate Knights

Follow This plans to introduce a resolution at BP’s annual general meeting in May calling for the company to align its 2030 targets with the Paris Agreement. They are stewards of the global economy and should realize that the only formal power they have is the power of the vote.”

Net Zero 337
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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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A new Swedish iron processing project could disrupt the global steel industry

GreenBiz

Looking forward, with customers, investors and policymakers increasing pressure to adhere to the Paris Agreement, reducing greenhouse gas emissions is a critical element of maintaining competitiveness. New challenges, new opportunities. Change requires exploration of new concepts and solutions.

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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. We believe that Barclays can make a real contribution to tackling climate change and help accelerate the transition to a low-carbon economy.". Overall, the world's leading banks have channelled $3.8

Net Zero 398
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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.

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