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ECB Stress Test: Banks’ Credit Risk Doubles by 2030 Under Slower Climate Transition

ESG Today

The accelerated transition scenario assumes a significant increase in energy costs in the near term, and substantially greater initial green investments, rising to €2 trillion by 2025, compared to only €0.5 These risks would be particularly acute for companies in energy-intensive sectors such as manufacturing, mining and electricity.

Banking 117
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If we want to compete, Canada needs a green and transition taxonomy ASAP

Corporate Knights

Together, a combined green and transition taxonomy can support a holistic approach to achieve a low-carbon transition. The urgent need for these taxonomies was recently emphasized by the large public investments offered to support the Volkswagen and Stellantis battery plants in St. Thomas and Windsor, Ontario.

Net Zero 313
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H&M Launches Green Loan Program to Finance Suppliers’ Emissions Reductions Initiatives

ESG Today

Tan Su Shan, Group Head of Institutional Banking at DBS, said: “Accelerating net zero for supply chains requires the rapid scaling of low-carbon technologies and new, innovative financing models to drive adoption. Of these, over 60% derive in supply chain areas including fabric production, garment manufacturing, raw materials and transport.

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Will small modular reactors seed a nuclear renaissance?

Corporate Knights

That’s in sharp contrast with the 1,000-megawatt behemoths that were marketed around the world in the first decade of the century by reactor manufacturers, including then federally owned AECL, Westinghouse Electric Co. Corporate Knights does not consider new nuclear power projects to be “green” in its Sustainable Economy Taxonomy.

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Businesses and investors need to roll up their sleeves and join the race to revive biodiversity

Corporate Knights

These actions include the restoration of landscapes and marine and coastal ecosystems, redesigning agricultural systems through innovative productivity-enhancing approaches, deploying green infrastructure, enabling sustainable and healthy diets, rapidly phasing out fossil fuel use, and many more.

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Take Five: Nature Takes New York

Chris Hall

There is no shortage of reference frameworks for keeping finance sector firms on a straight and narrow path to net zero; and some might raise an eyebrow at guidance from a country that has done more than most to undermine the collaborative decarbonisation efforts of banks , insurers and investors.

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The Global 100 list: How the world’s most sustainable corporations are driving the green transition

Corporate Knights

“Now we can measure this green business exposure for the majority of companies and are able to count annual green investments that run into the trillions, growing six times faster than the economy at large,” Heaps says. C, SBTi 6 15 Banco do Brasil SA Brasília, Brazil Banks $ 1,106,800 17% 9:1 50% 29% 0% A- 1.5°C,