European lenders are ‘failing to unleash the potential’ of green bonds, with lending heavily concentrated on building improvements, despite evidence that clean energy delivers a higher impact on emissions avoidance
As US and European investors diverge on climate commitments, ABN Amro IS’s Margot Seeley discusses how the firm uses engagement, voting transparency, and mandate structures to ensure manager alignment with net zero goals
Global banks have ramped up funding for new fossil fuel sites last year, with US banks in particular doubling down while European banks scaled back on fossil fuel finance, new research shows
Seimens and Fullerton Carbon Acton Fund have also participated in the raise for Hydenco Green Energies
The deal, underwritten by CIBC, MUFG and NatWest, will support construction of a 500MW energy storage facility
Scotiabank and RBC have withdrawn interim emissions reduction targets, with the former also retiring its 2050 net zero goal
Nordea, the largest lender in the Nordic region, has come under pressure from institutional investors over its backing of Arctic oil and gas exploration
The bank says the penalty – linked to a temporary infringement – does not reflect its climate commitments
James Talbot, executive director of BoE’s international directorate, outlined the bank’s approach to supervising climate risk governance for financial institutions