Corporate Knights
SEPTEMBER 30, 2022
The real question is, are the world’s banks ready to fund the development of renewable technologies at scale, and updating all the infrastructure in between? And which banks will take the lead? . Corporate Knights researchers ranked 60 banks for which they found quantifiable sustainable-revenue data from an initial pool of 91 banks.
GreenBiz
MARCH 26, 2021
Despite net-zero pledges, banks used $750 billion to finance fossil fuels in 2020. Net-zero commitments may have ricocheted across banking sector over the last 18 months, but big banks' attestations of climate concern did not stop many from expanding financing for the world's top fossil fuel firms during the pandemic year.
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3BL Media
MARCH 10, 2022
SOURCE: Regions Bank. As part of this trend, banks and other businesses are focusing more on sustainable business practices. For banks, this includes sustainable finance – which refers to the inclusion of ESG criteria in business and investment decisions. DESCRIPTION: By Candace Higginbotham. Next Steps.
3BL Media
AUGUST 6, 2022
Having banks leverage available data tools to understand where climate vulnerable communities are found within assessment areas and work towards driving investment to those communities. A revised definition of community development activities to more effectively target activities to communities in need.
Corporate Knights
NOVEMBER 26, 2024
The voluntary market for carbon credits – separate from cap-and-trade markets regulated by governments – has grown slowly over the last few years, hobbled by loose definitions and lax credit verification. At least one major international bank, HSBC, is voting with its feet.
Corporate Knights
OCTOBER 3, 2022
and Canadian banks are threatening to withdraw because of new membership criteria requiring a fossil fuel phase-down. The displeasure, especially by large North American banks, threatens to rupture the increasingly fragile alliance. says Baltej Sidhu, an analyst with National Bank of Canada, in an interview with The Globe and Mail.
Corporate Knights
DECEMBER 19, 2022
Ever since IES’s [net-zero scenario] came out, advocates around the world have been pressing banks to acknowledge that fossil fuel expansion is inconsistent with net zero and here you have a major bank doing so," Price said in an email. The IEA’s definition is relatively narrow: new fields where development has not been approved.
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