ESG Today

NOVEMBER 25, 2024

HSBC announced today that its Group Chief Sustainability Officer Celine Herweijer will be stepping down from her role and departing the bank at the end of the year. The firm said that Julian Wentzel, currently Head of Global Banking, MENAT, will be assuming the position of Interim Group Chief Sustainability Officer.

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Corporate Knights

APRIL 21, 2025

While publicly traded companies often dominate the headlines, private companies are a much larger part of the global economy. Oesterreichische Kontrollbank AG Sustainable development bank Oesterreichische Kontrollbank (OeKB) or Austrian Control Bank is a special-purpose financial institution owned by Austrias main banks.

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Corporate Knights

APRIL 21, 2025

In its deep dive into the worlds most sustainable private- and public-sector companies, Corporate Knights revealed an undeniable fact: public-sector companies are doing essential work when it comes to moving the needle toward a greener global economy. before 2050, and 75% of the citys net-zero strategy relies on these investments.

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ESG Today

OCTOBER 19, 2023

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.

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ESG Today

JANUARY 3, 2025

Morgan Stanley has joined several of its peers in exiting the Net-Zero Banking Alliance (NZBA), a UN-backed coalition of banks dedicated to advancing global net zero goals through their financing activities,ESG Today has confirmed. Morgan Stanleys commitment to net-zero remains unchanged.

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3BL Media

APRIL 3, 2022

As the lynchpin of the global economy, financial institutions not only carry a responsibility to help mitigate climate change, they are also vulnerable to its financial risks. That climate risks are systemic risks for banks is clear. The top-down analysis that we did in our reports covers a specific piece of the biggest U.S.

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ESG Today

NOVEMBER 30, 2023

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.”

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ESG Today

DECEMBER 1, 2022

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.

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3BL Media

SEPTEMBER 29, 2023

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. South Pole can help you navigate the existing framework as well as the new net zero guidance (FINZ) which will replace it in Q4 2023.

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GreenBiz

MAY 10, 2021

With ESG gaining more attention and more companies committing to reaching net-zero emissions in the coming decades or otherwise pledging to do better by people and the planet, it’s inevitable that the next generation of professionals in the field will define the future of sustainable finance. Deonna Anderson. Mon, 05/10/2021 - 01:30.

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Chris Hall

OCTOBER 10, 2024

Lenders are urged to end fossil fuel expansion and convert targets into “meaningful commitments” as US banks fall behind international peers. Action by banks to reach net zero emissions and meet climate goals is “insufficient”, according to two reports which also highlight significant gaps in the policies guiding the sector’s transition.

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Chris Hall

DECEMBER 1, 2023

Investors have made pledges towards net zero, they are taking action by engaging with companies, and are increasingly vocal and responsible stewards of the capital they manage. As 200 governments meet, COP28 offers a crucial opportunity to forge a meaningful global public-private partnership for the climate.

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Chris Hall

JUNE 21, 2023

The proposed solution for net zero targets and progress aims to improve transparency and accountability, but will need to consider existing guidance. But there is still room for hope that net zero commitments – and subsequent progress on decarbonisation – can be transparent, aligned and ambitious.

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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.

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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.

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ESG Today

JANUARY 22, 2024

The organization is also involved in a lawsuit launched last year against Paris-based global bank BNP Paribas , targeting the bank’s financing for new oil and gas projects and calling for a strong climate policy, based on a similar “duty of vigilance” law in France.

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ESG Today

MARCH 31, 2023

Canada unveiled its response to the emerging global race to scale up green energy and clean tech manufacturing capacity, with proposals for over $60 billion in tax credits and an additional $20 billion in sustainable infrastructure investments in its 2023 budget, presented by Deputy Prime Minister and Minister of Finance, Chrystia Freeland.

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Carlos Sanchez

NOVEMBER 24, 2021

While some recognise carbon offsets markets as key for us to achieve net-zero emissions world by 2050 by funnelling cash into cost-effective projects, others believe credits are a dangerous distraction that allows polluters to pay their way out of the problem. Introduction. 1 – 1.5ºC emission pathway (Source McKinsey & Co).

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3BL Media

JUNE 12, 2024

Climate solutions - As extreme weather events increase, and the transition to a netzero global economy picks up steam, Bloomberg is expanding its climate solutions to help corporate strategy, finance and policy professionals better identify, assess, manage and report climate risks and opportunities.

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3BL Media

DECEMBER 11, 2023

Businesses and financial institutions have a vital role to play in delivering a nature-positive and net-zero economy.” Global Commons Alliance Accountability Accelerator Executive Director. The World Bank estimates that the collapse of natural systems could erase US $2.7 Matic, Ph.D.,

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Sphera

SEPTEMBER 14, 2022

To decarbonize the global economy in alignment with the goals established by the Paris Agreement, all economic actors in the real economy need to reduce their greenhouse gas (GHG) emissions sufficiently to align with required emissions pathways. commercial banks) but is also relevant to public financial institutions (e.g.,

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Chris Hall

OCTOBER 18, 2023

The Net Zero Asset Owner Alliance (NZAOA) has called on governments to swiftly implement and intensify climate-related policy that facilitates capital flow towards the net zero transition. C no/low overshoot scenarios to set the ambition level for sub-portfolio and sector targets. At the global level, IPCC 1.5°C

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Chris Hall

OCTOBER 3, 2024

Border to Coast engaged with companies representing 68% of the emissions covered by its net zero roadmap, having extended its activities to reach 20 more firms than last year. Two banks have committed to take the requested action and a third including just transition ambitions in its net zero plan. billion in 2022.

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Chris Hall

JULY 31, 2023

Carbon Tracker’s report also found faults in central banks and regulators’ scenarios, noting that they relied on economic literature that did not provide realistic estimates of the economic damages from climate change.

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Chris Hall

DECEMBER 15, 2022

Following “strong feedback” on the connection between climate and nature, Faber said the ISSB plans to immediately advance work on the climate standard, making explicit connections to natural ecosystems and human capital aspects of the net zero transition. . “We

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Chris Hall

OCTOBER 9, 2023

The Transition Plan Taskforce’s (TPT) finalised disclosure framework aims to “remove friction” for preparers of climate transition plans by aligning with the work of the International Sustainability Standards Board (ISSB) and Glasgow Financial Alliance for Net Zero (GFANZ).

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Chris Hall

APRIL 19, 2024

The UK’s Transition Plan Taskforce (TPT) hit a significant milestone last week with the release of its final set of transition plan resources to help businesses mobilise finance for the net zero transition. It is also engaging with various policy bodies, such as the Coalition of Finance Ministers for Climate Action and GFANZ.

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3BL Media

APRIL 19, 2022

a special-purpose acquisition company currently looking for an environmentally sustainable target: "Sustainable investing is about finding the winners amongst the companies that are going to be most needed as the global economy transitions to net-zero. They are teased either because: a.

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Chris Hall

MARCH 16, 2022

With the global economy heavily reliant on ocean health, a sustainable future is paramount. To date, the ocean and its ecosystems have provided significant benefits to the global community, including climate regulation, coastal protection, food, employment, recreation and cultural well-being.

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3BL Media

FEBRUARY 15, 2024

Natural capital provides the building blocks that enable ecosystem services—the positive benefits that societies and economies derive from nature—to sustain life and create wealth. That’s why biodiversity loss alone could cost the global economy trillions of dollars in the coming years, in addition to trillions more related to climate change.

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Chris Hall

MARCH 2, 2022

Even Germany’s decision to permanently shelve Nord Stream 2 , the partial ejection of Russian banks from Swift , and oil and gas majors exiting equity partnerships with Russian companies in recent days have been ignored by the former intelligence officer. Economic sanctions have so far failed to shake President Vladimir Putin’s resolve.

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Chris Hall

NOVEMBER 9, 2022

At COP26, the Glasgow Financial Alliance for Net Zero ( GFANZ ) declared a sector-wide commitment of US$130 trillion – a number that has increased over the year to US$150 trillion – of private capital to transition the global economy to net-zero greenhouse gas emissions. There are choices,” said Cabanis.

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Carlos Sanchez

DECEMBER 18, 2022

Goldman Sachs ‘s and Deutsche Bank’s DWS) for exaggerating claims about their products’ sustainability credentials. Sustainability trends 2023: Net-Zero roadmaps. As a result, 91% of the global economy and almost half of the 2,000 largest companies have net-zero pledges.

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Chris Hall

AUGUST 18, 2023

The Paris Agreement stimulated a reckoning to align public and private finance with net zero and climate resilience. More money flows to fossil fuel-related investments than to mitigation and adaptation in over 50 global economies , which the Intergovernmental Panel on Climate Change labels a “persistent misallocation”.

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We Mean Business Coalition

APRIL 12, 2023

When we discuss scale, we cannot afford to ignore the millions of small and medium sized businesses – or SMEs – that drive global economies and create the fabric of local communities. SMEs cannot be left behind in the net zero transition, or they will face enormous risk in the long term.

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We Mean Business Coalition

FEBRUARY 15, 2022

At COP26, the Science Based Target initiative (SBTi) launched the Net-Zero Standard , the first credible and independent assessment of corporate net-zero target setting. As part of its pilot efforts, SBTi certified the net-zero targets of seven global firms: AstraZeneca (UK), CVS Health (U.S.),

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Chris Hall

JULY 8, 2022

As in the rest of the private sector, where at least 20% of the world’s 2,000 largest public companies have committed to achieve net zero emissions by 2050, many leading investors are also focused on reducing carbon emissions. Going Beyond Net Zero Emissions. Paris Agreement alignment is a holistic process.

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