Legal commentators warn banks that greenwash or whose actions appear not to meet due diligence laws are almost certain to face similar legal action.
Latest articles from ESG & sustainability
How financial institutions can keep up with ESG requirements
March 16, 2023Regulations are proving increasingly complex for UK and EU-based financial institutions, write Frederik Winter and Kim Rybarczyk.
ESG ratings: the case for reform
March 13, 2023The current system of ESG ratings that funds rely on to comply with the Sustainable Finance Disclosure Regulation is only leading to greenwashing.
The governance of sustainability in large global banks
March 8, 2023A report exploring the sustainability progress of 30 European and North American banks shows a need for renewed focus on strategy and risk management.
Hopes that World Bank head will focus on climate change
March 8, 2023Many have high hopes for presumptive World Bank head Ajay Banga.
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The Banker Shorts – March 3, 2023
March 6, 2023Your quick guide to the week ending March 3, 2023, on TheBanker.com.
BNP Paribas hit by climate lawsuit in France
March 2, 2023Three non-profits are suing BNP Paribas for taking insufficient action to end fossil fuel financing, though the bank insists its strategy of reducing oil and gas exposure is ‘largely on track’.
Report shows banks may be failing to recognise the risks of deforestation
February 23, 2023Of 500 organisations surveyed who are “most exposed to deforestation risk in their supply chains and investments”, 40% have not set a single policy on deforestation.
To comply with ESG you first need to understand it
February 16, 2023Environmental, social and governance criteria are three separate goals that do not necessarily go hand-in-hand, says a Commerzbank white paper.