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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.

Net Zero 461
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GreenFin 22: Acting Now on Net Zero: A Conversation With Mark Carney

GreenBiz

Transitioning the global economy to net-zero emissions may be the most Herculean task modern society has faced. To sustain a healthy society, strong economy and dignified life on earth, there is no other viable option.

Net Zero 304
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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.

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Financing a Net Zero Economy: Banks Must Grapple With Asset-level Data

3BL Media

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.

Net Zero 130
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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 436
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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 113
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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. 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.

Net Zero 147