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Banks Must Radically Change Climate Perspective

Chris Hall

Around 90% of EU banks are exposed to climate transition risks, recent analysis from the ECB shows. Banks globally are increasingly feeling two-pronged pressure from regulators and investors to up their climate ambition and stop financing fossil fuels.

Banking 75
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Feds roll out climate requirements for companies that receive big government contracts

Corporate Knights

At the GLOBExCHANGE conference, Treasury Board President Mona Fortier and Environment Minister Steven Guilbeault announced that companies wanting to supply the federal government on contracts worth more than $25 million will need to comply with new climate change requirements.

Net Zero 314
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Canada is falling behind in global race to attract sustainable investments: Guilbeault

Corporate Knights

Canada is lagging in its efforts to drive private capital into sustainable investments to finance solutions on climate change and other environmental challenges. Moreover, she added, having a climate plan is “synonymous with having an economic plan; it is synonymous with having a jobs plan.”

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Redefining ‘Business as Usual’: Three Ways to Overcome Barriers to ESG and Climate Finance

James Militzer

But as the negative impacts of global challenges like climate change grow, it’s becoming increasingly apparent that business as usual won’t even work for businesses themselves. Meanwhile, most people – 79% overall and 90% of investors under age 45 – say they want to invest in socially and environmentally friendly ways.

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Take Five: Into the Stratosphere

Chris Hall

Many of the difficulties stem from how multilateral development banks (MDBs) operate and interact with the private sector, but one channel for private investment flows was also flagged as problematic this week. Perhaps more significant was the African Development Bank’s US$750 million issuance, which attracted 275 investors.

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Businesses and investors need to roll up their sleeves and join the race to revive biodiversity

Corporate Knights

The Living Planet Report 2022 shows an average decline of 69% in wildlife populations since 1970, thus emphasizing the dual crises of biodiversity loss and climate change driven by human activities. Unlike the climate crisis that led to the signing of the Paris Agreement , biodiversity loss has received little attention until now.

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EU ‘green’ label for gas and nuclear sparks sustainable investing crisis

Corporate Knights

I’m reminded of this debate amid the current turmoil over a green investment label in Europe, a situation caused largely by the unwillingness of the sustainable investment sector to create its own industry standard. Werner Hoyer, president of the European Investment Bank.