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Banks flout net-zero targets to cash in on the next LNG boom

Corporate Knights

Liquefied natural gas developers have expansion plans that could release 10 additional metric gigatons of climate pollution by 2030, and major banks and investors are enabling them to the tune of nearly $500 billion. Many large banks have pledged to reach net-zero emissions, yet they are still financing the LNG boom.

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Canadian Banks Follow U.S. Peers Out of Net Zero Banking Alliance

ESG Today

Most of Canadas major banks have elected to exit the Net-Zero Banking Alliance (NZBA), continuing a largely North America-focused exodus from the UN-backed coalition of banks dedicated to advancing global net zero goals through their financing activities, kicked off last month by their Wall Street peers.

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Vancity Restores Profitability and Stays True to Its Co-Operative Values

3BL Media

In 2024, Vancity initiated a values-led transformation focused on improving member service and restoring profitability, while staying true to its co-operative values. million in net income, and continued its community impact worksuch as financing affordable housing and supporting climate-ready home retrofits and Indigenous entrepreneurs.

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2025 Global 100 list: World's most sustainable companies are still betting on a greener world

Corporate Knights

Computers & peripherals mfg $366,926 12% 728:1 50% 76% 0% C 1.5C, SBTi 80 52 Investec Ltd Sandton, South Africa Banks $2,308,452 6% 48:1 58% 4% N.A. C NZIA, NZAO 82 Bank of Montreal Montreal, Canada Banks $1,670,219 8% 61:1 46% 7% N.A. Banks $2,854,401 8% 46:1 50% 4% N.A. Banks $303,387 9% 152:1 33% 3% N.A.

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Citi, BofA Join Goldman Sachs and Wells Fargo in Exiting Net Zero Banking Group

ESG Today

Launched in 2021 with Citi and BofA as founding members the Net-Zero Banking Alliance is a coalition of more than 140 banks spanning 44 countries.

Net Zero 143
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JPMorgan Leaves Net Zero Banking Group, Completing Departure of Major U.S. Banks

ESG Today

JPMorganChase has chosen to exit the Net-Zero Banking Alliance, ESG Today has confirmed, marking the latest in a rapid-fire series of departures from the UN-backed coalition of banks dedicated to advancing global net zero goals through their financing activities.

Net Zero 119
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UBS Pushes Back Net Zero Target by 10 Years Following Credit Suisse Acquisition

ESG Today

The announcement by UBS marks the latest in a series of moves by banks globally to withdraw or pull back on climate commitments, although UBS changes appear less drastic than those by some of its peers.