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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 454
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Net Zero Action Depends on Public-Private Cooperation

Chris Hall

COP28 represents a critical, and perhaps the last opportunity for Parties and non-state actors to deliver on the ambitions of the Paris Agreement to limit global average temperature increase to 1.5°C But they cannot do it alone. But this is not widely recognised.

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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
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At COP28, Influential Investors, Companies, and Policymakers To Call for Greater Global Ambition and Accelerated Action To Limit Temperature Rise and Achieve a Net Zero Economy

3BL Media

While investors and companies are already setting net zero targets, laying out transition plans, and engaging with governments, more needs to be done to reduce methane emissions and reverse nature loss and water degradation across key sectors. The world is facing unprecedented impacts from a warming planet.

Net Zero 113
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UNFCCC Tightens the Screw on Net Zero

Chris Hall

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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ING Faces Climate Lawsuit from Group that Won Case Against Shell

ESG Today

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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Analyzing Carbon Offset Markets’ role in our journey to a net-zero world

Carlos Sanchez

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).