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HSBC, Standard Chartered, other Major Banks Exit SBTi

ESG Today

Additional banks exiting the SBTi validation process include Societe Generale and ABN AMRO, according to media reports. In a statement provided by Standard Chartered, for example, the bank said that its net zero approach “seeks to support a just transition that encourages the economic and social development of our dynamic market footprint.”

Banking 111
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How the climate crisis will crash the economy

GreenBiz

And then there are “sub-systemic” shocks, more localized climate-related impacts that “can undermine the financial health of community banks, agricultural banks or local insurance markets, leaving small businesses, farmers and households without access to critical financial services.” Sub-systemic shocks.

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Decarbonising Investment Portfolios on the Journey to Net Zero

3BL Media

For financial institutions such as banks, insurance companies and investment managers, scope 3 emissions from supply chains and lending/investment portfolios are often more complex than for other industries. CDP found that these financed emissions are on average approximately 700 times higher than the organisation's operational emissions.

Net Zero 147
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11 young professionals on the future of sustainable finance

GreenBiz

Finance professionals make up a fraction of the global population but are positioned to make and incentivize decisions that can shape the trajectory of the global economy," observed Ogechukwu Anyene, energy consulting manager at PowerAdvocate, who was part of the Emerging Leaders cohort at GreenBiz Group’s inaugural GreenFin event.

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Carbon reporting regulations are rising globally. Small businesses need to keep up.

We Mean Business Coalition

When we discuss scale, we cannot afford to ignore the millions of small and medium sized businesses – or SMEs – that drive global economies and create the fabric of local communities. Banks and investors should assess climate performance and link lending conditions and investments to these measures.

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TPT Framework “Complements and Builds” on ISSB Standards

Chris Hall

This guidance is essential in increasing that number,” Bartlett added.

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Sustainability trends 2023

Carlos Sanchez

Goldman Sachs ‘s and Deutsche Bank’s DWS) for exaggerating claims about their products’ sustainability credentials. Moreover, companies will use voluntary frameworks and surveys such as GRI, SASB, CDP, UNGC, and Ecovadis to answer requests from customers, investors and other stakeholders.