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Mark Carney’s net-zero banking alliance backtracks on compulsory climate targets

Corporate Knights

Just a year ago, Mark Carney inspired optimism among climate finance campaigners by founding a new alliance of banks and other financial institutions that pledged to decarbonize their portfolios. GFANZ’s credibility rested largely on the obligation by signatories to commit to Race to Zero, the UN’s key net-zero campaign.

Net Zero 279
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Taking stock of Chase, HSBC, and Morgan Stanley's recent climate commitments

GreenBiz

After all, through their product offerings, lending activities and client engagement, financial institutions can play a key role in influencing the transformation necessary for a net-zero emissions economy. What we have given the market is an ambition that our total financing by 2050 will be net zero.

Net Zero 365
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DBS Sets Decarbonization Targets for Lending Book in Key Emissions Intensive Sectors

ESG Today

Singapore-based financial services group DBS announced today a series of 2030 sectoral decarbonization targets aimed at cutting the emissions footprint of the company’s finance and investment activities in key carbon-intensive sectors, in alignment with its 2050 net zero goal.

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Deutsche Bank Ties Senior Exec Compensation to Loan Book Decarbonization Goals

ESG Today

Deutsche Bank announced an update to its Long-Term Incentive plan for Management Board members, the most senior executives in the company, with a portion of compensation for the group linked for the first time to the decarbonization of the bank’s corporate loan portfolio, beginning in 2024.

Banking 125
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Community Offshore Wind and Brooklyn Public Library Partner To Distribute 3,200 STEM-Focused Books to Brooklyn Families

3BL Media

3BL/ - Community Offshore Wind and Brooklyn Public Library (BPL) announced a partnership to give away 3,200 books focused on STEM subjects to families living in the Red Hook Houses and the Farragut Houses, two public housing projects in northwest Brooklyn. . The donated books focus on STEM topics like renewable energy and engineering.

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2025 Global 100 list: World's most sustainable companies are still betting on a greener world

Corporate Knights

The bank has a rapidly growing green loan book and has provided just under $40 billion in renewable-energy financing since 2019. >>Access The road to decarbonization and a more inclusive economy will become bumpier in the coming years given the current political backlash. CLIMATE COMMITMENTS 1.5C Business Ambition for 1.5C

Banking 361
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SLB OneSubsea Secures EPC Contract for Northern Lights CO2 Transport and Storage Project Expansion

3BL Media

The Northern Lights project is pivotal for Europe’s path toward net-zero emissions, and it is well aligned with our own strategy to expand the frontiers of subsea for a sustainable energy future.” Phase one development of Northern Lights is completed, fully booked and ready to receive CO 2 from industrial customers.