Agreement on EU regulation offers the possibility for separate E, S and G ratings
More needs to happen in the private and public sectors in richer countries if negotiations at COP28 later this month are to have any chance of reaching an ambitious conclusion, says Reclaim Finance’s founder.
The EIB’s head of ESG hopes for a more “switched on” private sector at this year’s COP28 meetings in Dubai, but says much more could be achieved if the COPs on climate change and biodiversity were combined.
The ADB’s senior climate envoy calls for a less fragmented approach to climate finance and talks about a new path for financing decarbonisation and boosting resilience to extreme weather events.
A Greenpeace report takes issue with the ECB’s net-zero actions.
Stand.earth highlights global banks’ role in financing fossil fuels in the Amazon.
Canadian banks consider climate change a critical issue of our time. However, climate activists lament what they perceive as a lack of action.
Philippa Nuttall summarises leading financial figures’ comments from the Summit for a New Global Financial Pact in Paris.
Pledges and greenwashing regulation are a distraction from concrete divestment targets, says economist Hans Stegeman.
SEB sits down to talk about its credible climate transition plans.
The CEO of Carbonplace, a transaction network for carbon credits, says he has ‘the best job out there’.
Legal commentators warn banks that greenwash or whose actions appear not to meet due diligence laws are almost certain to face similar legal action.
Many have high hopes for presumptive World Bank head Ajay Banga.
Do banks need a climate transition plan?
Three 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’.
Of 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.
Environmental, social and governance criteria are three separate goals that do not necessarily go hand-in-hand, says a Commerzbank white paper.
Banks are under fire for failing to live up to commitments under the Glasgow Financial Alliance for Net Zero and continue to invest heavily in fossil fuel projects.
Although they are making the first steps, Europe’s largest banks are not yet doing enough to address climate change and nature loss.
While European banks have a little more time to get their deforestation affairs in order, the wind is blowing towards requirement rather than suggestion.