Called out as one of the world’s largest banks backing the fossil fuel industry, BNP Paribas has strengthened its commitment to the low-carbon transition but is still falling short of activist expectations.
Data sourced for NGO report calls out GFANZ members for failing to reach the required renewables to fossil energy investment ratio needed to achieve net-zero goals.
The banking giant’s move will send ‘shockwaves’ through the fossil fuel industry and put the spotlight on other financial institutions.
Multilateral Development Banks react to the final COP27 text, which called on them to scale up climate financing and reform their “practices and priorities”.
Highlights from COP27’s finance day: GFANZ alliances publish targets and members still funding firms connected to deforestation.
With Lloyds the first major UK bank to announce a stop to investment in new oil and gas projects, Christopher Marchant examines if this marks the beginning of a momentous shift away from ‘‘brown' investment or is a mere anomaly.
HSBC’s rebuke by the UK’s advertising regulator highlights how the relationship between consumers and asset managers must change.
The Asian Infrastructure Investment Bank’s chief economist and lead economist reflect on a once-in-a-generation opportunity for emerging economies to achieve a smooth and fair transition.