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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. Citigroup (U.S.)

Net Zero 252
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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. 2024 reporting reflects Vancitys dual focus on material financial risks and broader social and environmental impacts. Report highlights include: $12.1B

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Investors Drive Banks Toward Greater Transparency on Climate in 2024 Proxy Season

3BL Media

May 24, 2024 /3BL/ - In a notable move for the 2024 proxy season, New York City Comptroller Brad Lander and New York City Public Pension Boards (NYCERS) submitted six shareholder proposals asking banks to disclose a novel metric for assessing their progress towards their net zero targets and contributions to the clean energy transition.

Banking 147
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Nordea Signs 68,000 Tonne Carbon Removal Agreement

ESG Today

Northern Europe-based financial services company Nordea announced that it has signed a deal with Norwegian startup Inherit Carbon Solutions to remove at least 68,000 tonnes of carbon dioxide from the atmosphere, providing carbon removal credits to the bank starting next year.

Net Zero 105
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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. The departure makes JPMorgan the last large-scale U.S.-based

Net Zero 119
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These 50 Canadian corporations are betting big on green

Corporate Knights

2024 Best 50 ranking table 2024 rank 2023 rank Company Peer group (CKPG) Overall grade Climate commitments 1 4 Société de transport de Montréal Transit & ground transportation A+ 2 5 Stantec Inc Business, engineering & personal services A- 1.5°C, this year, up 9% over last year’s 49.7% – that’s compared to just 8.4%

Net Zero 321
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The 25 most sustainable private companies in the world

Corporate Knights

Oesterreichische Kontrollbank AG Sustainable development bank Oesterreichische Kontrollbank (OeKB) or Austrian Control Bank is a special-purpose financial institution owned by Austrias main banks. Banks, asset management and insurance peer groups are not assessed on the sustainable investment KPI. Canada 47.2%

Net Zero 214