The world’s largest banks have again ramped up their lending activities to fossil fuels last year, as this week’s Banking on Climate Chaos report reveals. NZI editor Mona Dohle sits down with Léa Miomandre, financial analyst at Reclaim Finance to discuss why banks failed to turn the taps off.
The world’s largest banks have significantly increased their support for the fossil fuel industry, despite pledging to align their financing practices with the Paris Agreement
Despite climate pledges, Britain’s biggest banks have channelled twice as much funding into fossil fuels as into green ventures, raising concerns over greenwashing and policy loopholes, InfluenceMap argues.
Despite consistent investor demand, most banks are yet to refine their transition strategies
Dutch lender Triodos Bank has announced its decision to leave the Net-Zero Banking Alliance (NZBA), following a majority vote among the network’s 120 members to ease conditions for membership
Nordea Group has confirmed an effective quarantine on TotalEnergies, with no further bonds or shares being bought amid growing concerns about the firm’s fossil fuel expansion in East Africa
Nordea shareholders have overwhelmingly voted against a shareholder proposal in Helsinki today, asking the firm to cease lending and investment in fossil fuel companies that lack Paris-aligned transition plans
The largest banks in the Nordics are continuing to finance the expansion of coal, oil, and gas production, despite their commitments to the Paris Agreement, new research finds
Natasha Chaudhary, a research fellow at the Institute for Climate Economics (I4CE) in Paris argues that the European Banking Authority’s (EBA) new guidelines on ESG risk management are encouraging
With leading US and Canadian banks announcing their departures from the Net Zero Banking Alliance, NZI editor Mona Dohle speaks to Jeanne Martin, head of the Banking Programme at Share Action about the role could investors could play in holding banks accountable on climate action.
Just days after some of the largest banks in the US announced their departure from the Net Zero Banking Alliance (NZBA), the CEOs of two of Canada’s largest banks have suggested they may be reviewing their membership of the climate network.
As GFANZ, the world’s largest climate coalition adjusts its membership criteria in the wake of prominent departures, what does the network’s shift in strategy mean for the future of climate alliances?