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New framework for CO2 offsets could create "cowboy carbon markets," critics warn

Corporate Knights

For the first time carbon credits will be recognized under the Paris Agreement, enabling countries and companies to use offsets to meet their carbon reduction targets, potentially giving a huge boost to carbon credit trading. At least one major international bank, HSBC, is voting with its feet.

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Advocates urge regulation of banks’ climate commitments to avoid greenwashing

Corporate Knights

A coalition of environmental groups is calling on the federal government to regulate climate commitments made by banks and other financial institutions to avoid greenwashing and accelerate change. . Treasury Department. .

Banking 361
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The World Bank cooks up a recipe for a climate-friendly food system: Cut red meat subsidies

Corporate Knights

Wading into this hot-button arena is an institution that has generally kept quiet on this front: a new paper by the World Bank lays out a roadmap for how the world can substantially reduce the emissions from food systems partly by redirecting the subsidies given to the meat and dairy industries.

Banking 344
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The 25 most sustainable private companies in the world

Corporate Knights

And while private equity markets declined the past two years, McKinseys Global Private Markets Report for 2025 shows that a rebound is underway, with 30% of respondents saying they plan to increase their allocations. Read more: The 2025 Public 25 most sustainable public-sector companies in the world 11.

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UK Releases Proposed Sustainability and Climate Reporting Standards

ESG Today

In addition to the sustainability reporting standards consultation, the government is also launching consultations on transition plans, noting that it is “committed to mandating” large companies and financial institutions such as banks, asset managers and pension funds “to develop and implement credible transition plans that align with the 1.5°C

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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 The impact on banks’ businesses would largely be a result of the transition effects on the companies and households which they loan to.

Banking 128
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Take Five: Bigger, Better, Bolder

Chris Hall

It has become increasingly apparent that private sector support will be needed to fulfil the New Collective Quantified Goal (NCQG) – putting greater onus on the crowding-in role of multilateral development banks. trillion required annually.

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