Corporate Knights

SEPTEMBER 16, 2022

A coalition of environmental groups is calling on the federal government to regulate climate commitments made by banks and other financial institutions to avoid greenwashing and accelerate change. .

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ESG Today

JANUARY 25, 2024

HSBC announced today the launch of its first Net Zero Transition Plan, outlining the global bank’s strategy to finance and support the transition to net zero, and to meet the climate goals it has set over the past few years. Click here to access the HSBC Net Zero Transition Plan.

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Corporate Knights

SEPTEMBER 30, 2022

The real question is, are the world’s banks ready to fund the development of renewable technologies at scale, and updating all the infrastructure in between? And which banks will take the lead? . Corporate Knights researchers ranked 60 banks for which they found quantifiable sustainable-revenue data from an initial pool of 91 banks.

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3BL Media

AUGUST 30, 2022

DESCRIPTION: The race is on, proclaims the United Nations, to create a Net Zero economy (same amount of greenhouse gas /GHG emissions removed from the atmosphere as produced). Public conversations about Net Zero are usually about “fossil fuels vs. renewables” and the impact of each category on climate change.

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Chris Hall

JANUARY 3, 2024

Now they must wait to see how signatories to the Paris Agreement act on the commitments outlined in the official response to the Global Stocktake, as well as multiple other pledges announced across the two weeks before that final text was signed, sealed and gavelled. Some managers might not cover Scope 3 emissions,” he notes.

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ESG Today

NOVEMBER 16, 2023

JPMorgan Chase announced updates to its interim financed emissions reduction targets for three carbon-intensive sectors, including Oil & Gas, Electric Power and Auto Manufacturing, raising the ambition for each to align with pathways required to achieve net zero by 2050.

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Corporate Knights

DECEMBER 19, 2022

The bank’s policy change is an important signal about the need to reduce our reliance on fossil fuels, but it’s not nearly as sweeping as the phase-out of all oil and gas projects climate activists would like to see. Matt Price, director of corporate engagement for Investors for Paris Compliance. It’s a hugely important symbolic step.

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Chris Hall

DECEMBER 1, 2023

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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Chris Hall

SEPTEMBER 7, 2023

Investors that have set net zero targets for their portfolios have been cautioned to carefully evaluate their positions in majority state-owned oil and gas laggards. The targets of 24 of the companies were found to not be aligned with the goals of the Paris Agreement.

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ESG Today

AUGUST 5, 2022

International bank and financial services company Standard Chartered announced today that it has appointed Kerry Constabile to lead the company’s net zero and sustainability strategy teams. Constabile joins from Google, where she led the company’s sustainability strategy and company-wide climate plans.

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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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Chris Hall

NOVEMBER 9, 2022

Sharm El Sheikh sees progress on accountability and transparency of net zero pledges, but many admit need for regulatory intervention. . New mechanisms for keeping private sector climate promises have taken big steps forward at COP27 this week, while major banks provided limited visibility on their path to net zero. .

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Chris Hall

NOVEMBER 10, 2022

Paris Aligned Asset Owners commit to maintain “high ambition” and drive innovative solutions needed for global low-carbon transition. Big strides towards net zero have been made by pension funds and other heavyweight institutional investors managing more than US$3.3 trillion – but there remains a long way to go.

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Chris Hall

MARCH 15, 2024

Alliance extends net zero targets to capital markets activities, as frameworks provide more tailored approach for banks’ transition strategies. The second of the four guidelines requires banks to establish an emissions baseline and annually measure and report the emissions profile of loans and investments.

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3BL Media

NOVEMBER 17, 2023

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. Go to [link] for a full list of events featuring Ceres staff as well as the latest updates.

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GreenBiz

NOVEMBER 24, 2020

Recent months have seen major moves on climate action by some of the world’s largest private banks, including JPMorgan Chase, HSBC and Morgan Stanley. Looking across their investments in different sectors and regions, more banks are considering how to reduce the carbon intensity of entire portfolios over time. Unpacking commitments.

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Chris Hall

APRIL 12, 2022

The Science-Based Targets Initiative (SBTi) has set out four guiding principles for financial institutions (FIs) to follow to ensure their net zero strategies are consistent with action required to meet “planetary level” emissions targets, in keeping with wider sustainability and societal climate goals. C above pre-industrial levels.

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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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Corporate Knights

MARCH 28, 2023

This cannot continue if we are realistically going to achieve the goals of the Paris Agreement and keep global warming below 1.5 ° C. The new OSFI guideline will require banks and insurance companies to disclose the financial risks they face in a world hit by climate change impacts and shifting toward a low-carbon future.

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Chris Hall

AUGUST 26, 2022

Companies leading the way in the net zero transition deliver higher average returns during periods of anomalous high temperatures and climate policy uncertainty compared to laggards, according to asset manager Robeco. . The post Net Zero Leaders Thrive on Climate Risk – Robeco appeared first on ESG Investor.

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Chris Hall

JUNE 17, 2022

Climate negotiators, Wall Street executives and pretty much anyone involved in efforts to decarbonise the planet were left in little doubt that the path to net zero means constant improvement and rigorous scrutiny. The post ICYMI, the Path to Net Zero is Getting Steeper appeared first on ESG Investor.

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3BL Media

DECEMBER 4, 2023

Serving as a negotiator to the series of Climate Change COP events since COP21 (2015), where the Paris Agreement was adopted, Dr Abdel-Aziz provided the Alliance with exclusive insight into landmark developments and prospects this year. I've been participating since COP 21 when the adoption of the Paris Agreement took place.

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Chris Hall

APRIL 21, 2023

This AGM season, investors have filed numerous shareholder resolutions to accelerate finance sector action to address climate risks and meet net zero commitments. AGMs to be held by Citi, Wells Fargo, and Bank of America on 25 April, and by Goldman Sachs on 26 April, are seen as key indicators of investment sentiment.

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We Mean Business Coalition

NOVEMBER 11, 2022

Join thousands of companies seizing the opportunities of climate action for a net zero, 1.5°C-aligned To ensure we halve global emissions by 2030, companies need to set science-based targets , following the Net Zero Corporate Standard , including five to ten-year targets for deep, rapid emissions cuts across their value chains.

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Chris Hall

JULY 5, 2023

Investors may be overlooking the issue of climate-related lobbying by banks in the face of increasing evidence of a lack of consistency between their climate commitments and their positions on legislative and regulatory issues. Schroders voted in favour of the first banking shareholder climate lobbying proposal at Wells Fargo this year.

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We Mean Business Coalition

MAY 19, 2023

Net Zero Economy As the G7 Summit begins in Japan, a report out this week shows that the wider G20 group has avoided backsliding on climate despite the rush to boost energy security following Russia’s invasion of Ukraine last year. The US has risen up the rankings thanks to the Inflation Reduction Act.

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Chris Hall

FEBRUARY 14, 2022

Banks could face a stormy AGM season, driven by investor concern over their ongoing financial support for oil and gas firms, which are already braced for a slew of shareholder proposals demanding greater transparency over their net zero transition plans. Among the banks targeted are JP Morgan, Bank of America and Citi.

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Chris Hall

JULY 28, 2023

C , although he acknowledges that achieving this goal is now more challenging than when the Paris Agreement was first agreed. The bill will be examined by members of the Canadian Senate Banking and Finance Committee from Autumn this year.

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Chris Hall

MAY 4, 2022

UK bank faces investor scrutiny after shareholder rebellion over Credit Suisse climate plans. Barclays is the latest major bank to come under pressure from shareholders in relation to its financing of the fossil fuel sector.

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ESG Today

FEBRUARY 16, 2023

UK bank Barclays announced a new policy significantly limiting its financing activities for some emissions intensive energy sectors, including ending financing for oil sands companies and projects, and accelerating its phase out of financing for coal-powered generation for clients in OECD economies.

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Corporate Knights

MARCH 17, 2022

In a report released March 16, the Public Policy Forum laid out a “leadership blueprint” for Canada’s net-zero transition that urges the federal government to help finance the sector’s efforts to reduce emissions. However, he added, the decarbonization effort must speed up. We’re just not moving with the haste we need to move.

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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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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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GreenBiz

DECEMBER 7, 2020

The financial services firm recently completed the purchase of the first tranche of reef credits and plans to continue buying them as part of its net-zero commitment. These nature-based solutions are going to become increasingly important," said Hamish Kelly, managing director of global banking, Australia at HSBC. "We

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ESG Today

FEBRUARY 23, 2023

A group of French NGOs, including Friends of the Earth (Les Amis de la Terre) France, Notre Affaire à Tous and Oxfam France announced today that they have launched a lawsuit against Paris-based global bank BNP Paribas, targeting the bank’s financing for new oil and gas projects.

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3BL Media

MARCH 3, 2022

The Revolving Credit Facility (RCF) was refinanced by Lloyds Bank to support the luxury fashion brand into accelerating emissions reductions by 46 per cent across its extended supply chain (Scope 3) by 2030. pathway laid out in the Paris Agreement. KEYWORDS: ACRE, Liam Goldsworthy, Burberry, Lloyds Bank, Julie Brown.

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Chris Hall

JUNE 22, 2022

The United Nations has intensified scrutiny of financial institutions, with its Race to Zero (RTZ) campaign issuing tougher criteria and Secretary General Antonio Guterres saying fossil fuel companies and those that finance them “have humanity by the throat.” . The picture is mixed across the industry and within sectors.

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