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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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Beware the Green Swan

Chris Hall

Thierry Philipponnat, Chief Economist at Finance Watch, warns that economic modelling must evolve to prompt policymakers to take action on climate. As these perilous climate projections unfold, one might expect an inevitable upheaval in the global economy.

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Investors to Hold US Banks and Insurers to Account on Climate

Chris Hall

AGMs to be held by Citi, Wells Fargo, and Bank of America on 25 April, and by Goldman Sachs on 26 April, are seen as key indicators of investment sentiment.

Banking 52
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“Huge Disconnect” Between Financiers and Scientists on Climate Risk  

Chris Hall

Creon Butler, Director, Global Economy and Finance Programme at think tank Chatham House, made a similar warning of a “probable sharp adjustment” this month , saying that “financial markets did not yet reflect climate risk” despite the clear severe economic and financial consequences of climate change.

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All Systems go for Net Zero

Chris Hall

COP28 reminded investors of the difficulties involved in reaching inter-governmental consensus on intensifying climate action. C of warming, the Inevitable Policy Response calculates that current government policies, ie those in place pre-COP28, will only limit climate change to 1.8°C

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The Climate Blockers: BASF quietly lobbies against strong climate policy while talking a big game

Corporate Knights

The shrivelled Rhine of 2018 became a harbinger of the devastating impact that climate change will have on the backbone of the German economy. You’d expect a company so directly affected by climate change to be jumping on the decarbonization bandwagon. On the face of it, it is.

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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. Change is already underway within the fossil fuel industry, as developments in the Netherlands, United States and Australia indicate.

Net Zero 147