article thumbnail

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

GreenBiz

Building on previous commitments that increase green investments or restrict financing to certain high-emitting activities, recent pledges add to growing evidence that banks are taking a more holistic approach to the climate emergency. Disclosure and reporting.

Net Zero 365
article thumbnail

Zero: Oil industry’s plan for climate action? More fossil fuels

Corporate Knights

Not only have global oil producers generally failed to invest substantially in renewable-energy technologies; now they’re reneging on their green commitments. By our count in 2022 – seven years after the Paris Agreement – the vast majority of oil companies still earn less than 1% of their revenue from renewable sources.

Insiders

Sign Up for our Newsletter

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

article thumbnail

ECB Stress Test: Banks’ Credit Risk Doubles by 2030 Under Slower Climate Transition

ESG Today

The accelerated transition scenario assumes a significant increase in energy costs in the near term, and substantially greater initial green investments, rising to €2 trillion by 2025, compared to only €0.5 trillion in the other.

Banking 130
article thumbnail

How the US Is Running Away with Green Investment

Chris Hall

In the race to net zero, Victoria Judd, Counsel at Pillsbury Winthrop Shaw Pittman, explains how the US is lapping the UK and EU in stimulating its green economy. The UK, meanwhile, is trailing behind in terms of green investment. A good example of this is sustainable aviation fuels (SAFs) investment.

article thumbnail

Asset Managers “Not Supporting” Climate Policy

Chris Hall

times more equity value in fossil fuel production companies (US$880 billion) than in green investments (US$309 billion). times more equity value in fossil fuel production companies (US$880 billion) than in green investments (US$309 billion). Analysing US$16.4 Analysing US$16.4 Schroders and BNP Paribas AM have a 2.7

article thumbnail

IIGCC Offers Ratios to Track Portfolios’ Climate Impact

Chris Hall

Asset owners should track their contributions to climate change mitigation by calculating the green investment ratio of portfolios and assets, according to a recent report by the Institutional Investors Group on Climate Change (IIGCC). . Comprehensive snapshot” .

article thumbnail

Banks Must Radically Change Climate Perspective

Chris Hall

It will also intensify its work on the effects of transition funding, green investment needs and transition plans, exploring the case for further changes to its monetary policy instruments and portfolios. These announcements followed the ECB’s third assessment of European banks’ progress on the disclosure of climate and environmental risks.

Banking 75