Archive

Air France-KLM sustainability-linked bond step-up 'falls short'

The coupon step-up on the ground-breaking Air France-KLM sustainability-linked bond (SLB) has "fallen short" in terms of its materiality, ...

'Even leading banking practices fail basic climate, biodiversity tests' - ShareAction

Most of Europe's largest banks have targets to reduce their greenhouse gas emissions to net zero - but very few banks have taken concrete steps to achieve this and even leading practices in the sector fail "basic" quality tests, according to research by non-profit ShareAction.

UBS, DBS & ABN Amro back 'banking for impact' methodology

UBS, Danske Bank, DBS and ABN Amro have thrown their support behind an initiative seeking to develop what could become "the de facto market standard" for banks to measure and report their social and environmental impact.

News round-up: NGFS, G7, Moody's, DeSmog, and more

Majority of Europe's bank directors 'too compromised' to end fossil fuel finance

What are banks getting wrong on human rights?

Banks' processes for implementing human rights considerations into their lending activities are far from perfect, reports Christopher Marchant

News round-up: Federal Reserve joins NGFS, BNP's energy transition fund, Poseidon Principles ... and more

PCAF launches standard for global emissions

The Partnership for Carbon Accounting Financials (PCAF) has launched a methodology which intends to enable banks to measure and disclose the emissions associated with their financed activities.

Equator Principles criticised for continued prioritisation of developed nations

The fourth version of the Equator Principles has come into effect, yet is already facing criticism from NGOs for an 'arbitrary' distinction between developed nations financing approaches and those in emerging markets.

Bank of America becomes third US lender to join carbon accounting initiative

Bank of America (BoA) has joined the Partnership for Carbon Accounting Financials (PCAF), the third major US lender to join the initiative in the past week, as pressure builds on financial institutions to tackle the emissions of their lending and investment portfolios.