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HSBC is latest bank to pledge net-zero financed emissions by mid-century

GreenBiz

HSBC is latest bank to pledge net-zero financed emissions by mid-century. HSBC has become the latest bank to commit to achieving net-zero financed emissions, announcing Monday that it intends to align its portfolio of investments and debt financing with global climate targets by mid-century. Cecilia Keating. Tue, 10/13/2020 - 00:46.

Net Zero 443
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Goldman Sachs, Bank of America Invest in Environmental Markets Platform Xpansiv

ESG Today

New strategic investors participating in the financing included Bank of America and Goldman Sachs. Jim DeMare, President of Global Markets at Bank of America, said: “Sustainability is part of discussions in boardrooms and with investors. Bank of America supports innovation in these evolving markets.”.

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Google, Embraer Join United Airlines’ $200 Million Sustainable Aviation Venture Fund

ESG Today

The new partners include Aircastle, Air New Zealand, Embraer, Google, HIS, Natixis Corporate & Investment Banking, Safran Corporate Ventures, and Technip Energies. Sustainable aviation fuel is seen as one of the key tools to help decarbonize the aviation industry, which currently accounts for 2-3% of global greenhouse gas (GHG) emissions.

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Carbon markets could help the planet, but only if Indigenous land rights are recognized

Corporate Knights

Carbon markets are trading systems through which countries, businesses, individuals or other entities buy or sell units of greenhouse gas emissions. These markets facilitate carbon offsetting — compensating for carbon dioxide emissions in one location by reducing or removing emissions elsewhere.

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Progress at last on climate finance at COP27

Corporate Knights

I spent a large part of my career working on international finance at the World Bank and the United Nations and now advise public development and private funds and teach climate diplomacy focusing on finance. That frustration has culminated in pressure for World Bank President David Malpass to step down.

Net Zero 246
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United Raises $200 Million for Sustainable Aviation Venture Fund

ESG Today

New partners joining the fund include American Express Global Business Travel (Amex GBT), Aramco Ventures, Aviation Capital Group, Bank of America, Boston Consulting Group (BCG), Groupe ADP, Hawaiian Airlines and JetBlue Ventures. SAF is generally produced from sustainable resources, like waste oils and agricultural residues.

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TPG-Backed Carbon Markets Platform Rubicon Raising $1 Billion

ESG Today

The company stated that it is targeting total capital commitments of $1 billion, with participation in its initial equity financing expected from investors including Bank of America, JetBlue Ventures, and NGP ETP. Montag said: “To deliver on net zero and keep as close as possible to a 1.5-degree