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Despite net-zero pledges, banks used $750 billion to finance fossil fuels in 2020

GreenBiz

Despite net-zero pledges, banks used $750 billion to finance fossil fuels in 2020. Net-zero commitments may have ricocheted across banking sector over the last 18 months, but big banks' attestations of climate concern did not stop many from expanding financing for the world's top fossil fuel firms during the pandemic year.

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‘Any delay means risk’: Senator looks to speed up banks’ net-zero journey

Corporate Knights

In the pursuit of its net-zero 2050 goal, Canada needs a rigorous strategy to require banks and other key financial system players, including Crown corporations, to fully align their operations with the country’s international climate commitments. Matt Price, co-founder of Investors for Paris Compliance.

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Fossil fuel expansion will be the litmus test for banks’ net-zero promises

Corporate Knights

Many of the world’s biggest banks face the enormous challenge of realigning their entire loans and investment operations in the coming years to put themselves on a credible path to achieve net-zero carbon emissions by 2050. “We Royal Bank of Canada and Toronto-Dominion Bank.

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The 25 most sustainable private companies in the world

Corporate Knights

Oesterreichische Kontrollbank AG Sustainable development bank Oesterreichische Kontrollbank (OeKB) or Austrian Control Bank is a special-purpose financial institution owned by Austrias main banks. Reaching net-zero as we grow remains vital. Go-Ahead Group Ltd Net-zero-aligned transporter Go-Ahead is a U.K.-based

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The 25 most sustainable public-sector companies in the world

Corporate Knights

From the ranking leader Hydro-Qubecs $155-billion green-energy expansion plan, to 12th-place Bpifrance banks financing solar and wind power loans, the inaugural list shows how investments in renewable energy pay off. before 2050, and 75% of the citys net-zero strategy relies on these investments. That now includes 7.6

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Are you greenwashing, wishing or walking?

GreenBiz

Helle Bank Jorgensen. Companies and countries all over the world are committing to net-zero goals and pledges to the SDGs; diversity, equity and inclusion goals; human rights — the list goes on. We need to put a lot of zeros on the "More than 1,000 businesses" in order to get to a net-zero carbon economy.

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HSBC invests in world’s first ‘reef credit’ system

GreenBiz

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

Net Zero 467