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Bank financing for fossil fuels dips second year in a row

Corporate Knights

The 60 largest banks in the world have provided US$6.9 Despite these alarming overall figures, bank lending and underwriting for coal, oil and gas fell for a second consecutive year in 2023, dropping 9.4% But she says it’s too early to conclude that banks have reached peak fossil fuel financing. based bank JP Morgan Chase.

Banking 204
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Investors crank up the heat on bank fossil fuel financing

Corporate Knights

New research reveals that banks are doing little to finance a low-carbon future, while investing trillions in multinational oil companies, some of which have doubled their profits in the last year. billion in 2016 and $34.5 billion in 2016 and $34.5 During that timeframe, the banks continued to pour $2.3

Banking 342
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Green financing surges to more than $1.1 trillion at top banks

Corporate Knights

Talk of where banks do and don’t put their money doesn’t usually make the red carpet. In the fight against climate change, banks can be seen as villains – but also, depending on where they invest their money, heroes. This year, the study wrested sustainability-based data out of 87 banks participating in the U.N.-organized

Banking 304
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More Affordable Housing for Seniors: Regions Bank Announces Transaction Supporting Freedom Village

3BL Media

January 24, 2024 /3BL/ - Regions Bank on Thursday announced it has facilitated an equity investment that will expand access to affordable housing for seniors in Montgomery. Regions Bank’s Affordable Housing group facilitated the $13.5 Construction underway on 56-unit senior affordable housing development with special accommodations.

Banking 147
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Fossil fuel expansion will be the litmus test for banks’ net-zero promises

Corporate Knights

Many of the world’s biggest banks face the enormous challenge of realigning their entire loans and investment operations in the coming years to put themselves on a credible path to achieve net-zero carbon emissions by 2050. Royal Bank of Canada and Toronto-Dominion Bank. Royal Bank of Canada and Toronto-Dominion Bank.

Net Zero 246
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KeyBank Honored at Buffalo Philharmonic Orchestra's Annual Celebration of Music Education

3BL Media

KeyBank and First Niagara Bank, which was acquired by KeyCorp in 2016, have had an impactful relationship with the BPO that amounts to a combined total of almost $3 million in lifetime giving. Amanda Hays, Vice President and Relationship Manager for Key Private Bank, accepted the award on behalf of KeyBank.

Banking 147
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Deutsche Bank Appoints Jörg Eigendorf as Chief Sustainability Officer

ESG Today

Deutsche Bank announced today the appointment of Jörg Eigendorf as its new Chief Sustainability Officer. The bank also revealed plans to launch a new Corporate Affairs & Strategy unit, responsible for coordinating dialogue and engagement with stakeholders.