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.

Net Zero 303

Net Zero Banking Paris Agreement Climate Change 303

ESG Today

SEPTEMBER 6, 2023

For the study, the TPI Centre assessed 26 of the world’s largest global banks according to its recently released Net Zero Banking Assessment Framework, which considers a wide range of indicators from banks’ net zero commitments and targets to their disclosure, climate risk governance and climate solutions financing.

Net Zero 90

Net Zero Banking Climate Change Decarbonize 90

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.

Net Zero 360

Net Zero Banking COP26 Greenwashing 360

ESG Today

JUNE 5, 2023

The ESAs include The European Banking Authority (EBA), The European Insurance and Occupational Pensions Authority (EIOPA), and The European Securities and Markets Authority (ESMA). Banking regulator EBA found a “clear increase in the total number of potential cases of greenwashing.”

Greenwashing 79

Greenwashing Banking Sustainable Investment Decarbonize 79

3BL Media

JUNE 7, 2022

Standard Chartered Bank is one of the leading global financial institutions that leveraged the WELL Health-Safety Rating to prioritize health, safety and well-being for 45 locations across Europe, North America, Asia, Africa and the Middle East. Q: How did Standard Chartered Bank start the journey with the WELL Health-Safety Rating?

Banking 130

Banking Development 130

Global Renewable News

SEPTEMBER 28, 2023

Highlights Represents near-term contracted cash flow expected to bolster near-term Net Income and Adjusted EBITDA Definitive Agreement for $7 million senior term loan facility with BDC.

Banking 100

Banking Waste Development 100

Global Renewable News

SEPTEMBER 28, 2023

Highlights Represents near-term contracted cash flow expected to bolster near-term Net Income and Adjusted EBITDA Definitive Agreement for $7 million senior term loan facility with BDC S.

Banking 100

Banking Waste Development 100

Corporate Knights

OCTOBER 28, 2022

The Royal Bank of Canada is out with a long-awaited net-zero strategy that sets a far softer target than the emerging international standard for financial institutions, while touting its ability to engage with clients in the fossil fuel sector and beyond to drive emission reductions. Brooks asked in an email.

Greenwashing 251

Greenwashing Net Zero Banking Decarbonize 251

Corporate Knights

MAY 16, 2023

It is worth noting, however, that a range of definitions exist for “blue economy,” some focused purely on oceans and others taking a broader view that encompasses all water resources. How can any definition of “blue economy” that considers the Great Lakes as peripheral effectively serve Canada’s environmental or economic interests?

Shipping 270

Shipping Development Banking 270

McKinsey Sustainabilty

JULY 31, 2023

Our analysis of data from the banking sector provides definitive proof on how digital and AI transformations create bottom-line value.

Digitalization 98

Digitalization Banking 98

Corporate Knights

FEBRUARY 22, 2022

A shareholder advocacy group is challenging the Royal Bank of Canada’s (RBC) use of a fast-growing new financing tool called sustainability-linked debt, in which companies promise to pay financial penalties if they don’t meet social and environmental performance targets.

Greenwashing 346

Greenwashing Banking Net Zero 346

Corporate Knights

MARCH 2, 2022

Donor countries have three major channels through which they can route climate finance: bilateral agreements between small groups of countries, international funds like the Green Climate Fund and development banks like the World Bank. Each has benefits and drawbacks. Two key issues are complicating efforts to measure the impact.

Climate Change 332

Climate Change Banking Development 332

James Militzer

OCTOBER 2, 2023

In a paper written last January, David was able to identify just one substantive definition of DPI at that time — that offered by the Digital Public Goods Alliance’s GovStack working group. This heightened definitional discourse is encouraging, especially considering the global prominence of those involved.

Digitalization 130

Digitalization Banking Development Digital Transformation 130

3BL Media

MAY 10, 2022

Regions Bank hosts a hands-on financial education tour for Birmingham, Alabama-area students with disabilities. SOURCE: Regions Bank. Regions Bank closed out Financial Literacy Month in a special way. Lovell explained how understanding basic banking processes can help ensure this success. “A Read more here: [link].

Banking 243

Banking Digitalization 243

GreenBiz

FEBRUARY 8, 2021

There is no industry standard or definition . However, there is no formal or standardized definition for plastics crediting, and such claims are inconsistently defined and applied differently from organization to organization. Photo courtesy of Plastic Bank. In the same way that a company’s carbon credit may offset its U.S.

Carbon Offsets 515

Carbon Offsets Waste Banking Net Zero 515

Chris Hall

AUGUST 4, 2023

The new President of the World Bank, Ajay Banga, recently spoke about investment’s role in delivering positive change. Like the World Bank, impact investors – along with responsible investors more generally – must think big; they must understand the constituents of success; and they must utilise those constituents as widely as possible.

Banking 52

Banking Impact Investing Greenwashing Sustainable Investment 52

GreenBiz

AUGUST 24, 2020

As of the end of May, governments, banks, companies and others raised just over $150 billion globally from selling pandemic bonds, according to research by BNP Paribas, as reported by the Wall Street Journal. Nasdaq offers definitions and criteria for each type of bond here.). By whatever name, money is pouring in.

Green Bonds 528

Green Bonds Banking Chief Sustainability Officer Waste 528

ESG Today

MAY 6, 2024

The Hong Kong Monetary Authority (HKMA), Hong Kong’s central banking institution, announced the publication of the Hong Kong Taxonomy for Sustainable Finance, aimed at defining and classifying environmentally sustainable economic activities, to help inform decision making and facilitate green finance flows.

Paris Agreement 76

Paris Agreement Greenwashing Climate Change Banking 76

3BL Media

FEBRUARY 28, 2022

It also makes Fifth Third the only bank in its peer group to have maintained a leadership band score for three consecutive years. The Bank has been recognized as a leader by other ESG data providers, including Sustainalytics, MSCI and S&P Global. billion provided since 2012 towards our goal of $8 billion by 2025. About Fifth Third.

Banking 246

Banking Green Bonds CDP Decarbonize 246

3BL Media

FEBRUARY 15, 2024

In 2022, she founded Foresight, a company that aims to open doors for consumers underserved by traditional banking services by leveraging technology to assess credit risk, fraud and bias. Our goals are to simplify the process for both the borrower and the bank, so that the transaction can get done in a timely manner.

Banking 147

Banking 147

3BL Media

OCTOBER 19, 2022

Bank application developer based in St. Instead of going to a local drugstore to send a money order as the scammer requested, though, Chad had his dad drive to his longtime bank and he explained to the branch manager what was going on. Bank Employees on the topic. SOURCE: U.S. In reality, it can happen to anyone.

Banking 130

Banking Development 130

Chris Hall

JULY 28, 2023

The bill will be examined by members of the Canadian Senate Banking and Finance Committee from Autumn this year. Further, Canadian banks rank in the bottom third globally when it comes to financing clean energy but are leaders in oil and gas investments.

Net Zero 98

Net Zero Banking Paris Agreement Climate Change 98

ESG Today

FEBRUARY 9, 2024

UK-based bank Barclays will no longer directly finance new oil and gas projects, and will require its energy sector clients to produce transition plans or decarbonization strategies by the beginning of next year, according to a new “Climate Change Statement” released by the bank.

Banking 92

Banking Net Zero Climate Change Decarbonize 92

3BL Media

MARCH 15, 2022

It also makes Fifth Third the only bank in its peer group to have maintained a leadership band score for three consecutive years. The Bank has been recognized as a leader by other ESG data providers, including Sustainalytics, MSCI and S&P Global. billion provided since 2012 towards our goal of $8 billion by 2025. About Fifth Third.

Banking 130

Banking Green Bonds CDP Decarbonize 130

Environmental Finance

JULY 15, 2022

Berenberg Bank says it does not define itself as an impact investor despite running three 'impact-focussed' funds - a distinction it says helps avoid perceptions of greenwashing while definitions of impact are in flux, according to a senior employee.

Greenwashing 45

Greenwashing Banking 45

GreenBiz

APRIL 26, 2021

The most common approach I hear from corporate treasurers trying to create impact is this: They call up a few mission-focused banks and try to move in millions of their deposits. That Black-owned bank might not need your deposit tomorrow, but they would likely take it sometime in the future. You don’t need to reinvent the wheel.

Impact Investing 241

Impact Investing Banking Development 241

3BL Media

SEPTEMBER 29, 2023

Originally posted on GFANZ on September 19, 2023 The Glasgow Financial Alliance for Net Zero (GFANZ) Secretariat today launched a consultation on its work to further refine the definitions of its transition finance strategies and support financial institutions to forecast the impact of these strategies on reducing emissions.

Net Zero 147

Net Zero Decarbonize Divestment Global Economy 147

Cisco CSR

APRIL 12, 2022

I fondly recall in the not-too-distant past, Bank of America radio commercials boasting about its branch network. In the lighthearted radio commercial, the person was giving directions and using the location of Bank of America branches as where to turn. Last year banks closed nearly 4,000 branches and opened more than 1,000 branches.

Banking 93

Banking Digitalization Analytics 93

ESG Today

DECEMBER 4, 2023

The launch marks the latest in a series of initiatives across jurisdictions to set up a classification system for the definition of sustainable economic activities, including taxonomy systems already established or in development in the EU , UK and Australia.

Net Zero 88

Net Zero Decarbonize Banking Waste 88

ESG Today

APRIL 24, 2023

Priority areas for cooperation for the new taskforce, aimed at scaling up green and transition financing flows, include Taxonomies and Definitions, Products and Instruments, and Technology.

Chief Sustainability Officer 74

Chief Sustainability Officer Green Bonds Banking Digitalization 74

Corporate Knights

JUNE 13, 2023

Once the new terminology is finalized, the organizations will encourage the money management industry and investors to incorporate it into their own definitions of sustainable and responsible investment. In the beginning, most banks and large money management firms didn’t pay much attention.

Greenwashing 140

Greenwashing Sustainable Investment Conscious Investing Impact Investing 140

Corporate Knights

JANUARY 18, 2024

They made it clear that they intend to achieve these goals by using their considerable resources to tap into a sophisticated communications network that seeks to influence key thought leaders and to exploit social and other media to “promote positive sentiment toward, and broaden the definition of gas.”   The IGU laid out a list of priority targets, (..)

Climate Change 180

Climate Change Banking Decarbonize Development 180

Corporate Knights

JULY 7, 2023

As a co-op program, it will offer students work placements – with consultancies, banks, insurance companies or government – in alternating terms throughout the degree. Sustainable finance is, by definition, a complex discipline , that brings together diverse areas of expertise and competing motives.

Climate Change 257

Climate Change Banking 257

ESG Today

NOVEMBER 16, 2023

Italy’s largest bank, and Inarcassa, the first pillar pension scheme for Italian engineers and architects, among others. The Evergreen Infrastructure fund has already begun to commit capital and has signed definitive documentation to acquire Lighthouse, a U.S. They include Intesa Sanpaolo S.p.A.,

Digitalization 121

Digitalization Decarbonize Banking Development 121

GreenBiz

DECEMBER 8, 2020

That’s the realm of banks and other financial institutions. "OK, It must be sourced, verified and scored consistently across companies to be meaningful to investors, banks and other interested parties. It was soon evident that the topic of sustainable finance was bigger than just ESG and investors. OK, then," I ventured.

Banking 280

Banking Green Bonds Climate Change Clean Technology 280

Chris Hall

AUGUST 30, 2022

Japan’s Financial Services Agency (FSA) and the Bank of Japan (BOJ) have published the results of a pilot scenario analysis exercise on climate-related risks in its finance sector. Results highlight need for institutions to use common assumptions, refine analysis of individual companies and enhance methodologies.

Banking 52

Banking Analytics Climate Change Development 52

3BL Media

JUNE 27, 2022

Among the agencies scored include the Federal Reserve Bank (The Fed), the Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency (OCC), the National Credit Union Administration (NCUA), the U.S. For more information, visit: ceres.org and ceres.org/accelerator and follow: @CeresNews.

Climate Change 246

Climate Change Banking Net Zero Development 246