article thumbnail

Want To Boost the Global Economy by $10 Trillion?

3BL Media

Because Fariha didn’t qualify for a bank loan, she sought the capital for her Punjab pottery and handicrafts business from her husband, but when COVID-19 put an end to face-to-face sales, she felt like she had nowhere else to turn. “At every step we need men to assist us, whether that’s our husbands or our brothers.” “At

article thumbnail

JPMorgan Chase wants to be the commercial bank for ‘green economy’ companies

GreenBiz

JPMorgan Chase wants to be the commercial bank for ‘green economy’ companies. The new Green Economy team is explicitly tasked with providing services for companies — notably private entities in need of capital — that are poised to benefit from the transition. Heather Clancy. Mon, 04/12/2021 - 00:05. The largest U.S.

Banking 377
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

HSBC is latest bank to pledge net-zero financed emissions by mid-century

GreenBiz

HSBC is latest bank to pledge net-zero financed emissions by mid-century. HSBC has become the latest bank to commit to achieving net-zero financed emissions, announcing Monday that it intends to align its portfolio of investments and debt financing with global climate targets by mid-century. Cecilia Keating.

Net Zero 363
article thumbnail

Principal® Joins First Women's Bank As Mission Partner

3BL Media

DESCRIPTION: DES MOINES, Iowa, December 2, 2022 /3BL Media/ -- Principal Financial Group ® is proud to announce its support for First Women’s Bank (FWB) as a Mission Partner, providing capital to fuel growth for women-owned businesses. Supporting female entrepreneurs can boost the global economy.

Banking 130
article thumbnail

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 102
article thumbnail

Singapore Central Bank Guides Investors, Banks to Avoid Divestment Approach to Net Zero

ESG Today

The Monetary Authority of Singapore (MAS), the central bank and financial regulator of Singapore, announced today the issuance of a set of consultation papers with proposed guidelines on net zero transition planning for financial institutions, including banks, insurers and asset managers.

article thumbnail

McKinsey, Moody’s Launch Climate Solutions Suite for Banks

ESG Today

Global management consulting firm McKinsey & Company’s sustainability-focused platform McKinsey Sustainability and Moody’s financial intelligence and analytical tools unit Moody’s Analytics announced today the launch of a suite of solutions aimed at helping banks identify, measure, and act on climate change-related risks and opportunities.

Banking 93