• Basel 'faulty'

    20 March 2024

    US banks have urged the Basel Committee to re-draw 'flawed' climate disclosure rules, writes Michael Hurley

  • Royal Bank of Canada ranked world's biggest fossil fuel financier

    13 April 2023

    The Royal Bank of Canada (RBC) has been ranked the world's biggest financier of fossil fuels, as banks across the US, Canada and Japan continue to dominate financing for oil and gas expansion.

  • Indonesian paper firm expansion 'litmus test' for 'net-zero' banks

    14 December 2021

    The substantial financing being sought by two Indonesian paper and pulp firms to support their expansion plans has been described by environmental groups as a "litmus test"...

  • What are banks getting wrong on human rights?

    17 February 2021

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

  • DNB, SEB and Nordea among biggest Scandinavian fossil fuel lenders

    02 February 2021

    Scandinavian banks DNB, SEB and Nordea are the three largest lenders to the fossil fuel industry in the region, according to a report by BankTrack.

  • Equator Principles criticised for continued prioritisation of developed nations

    02 October 2020

    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.

  • Morgan Stanley pledges net-zero carbon emissions by 2050

    22 September 2020

    US banking giant Morgan Stanley has committed to a net-zero financed emissions target by 2050. NGOs said the move "sets a new bar for other major US banks to follow" but pointed out that it lacks "key details".

  • BankTrack: Banks are failing to follow Equator Principles

    11 August 2020

    Signatory banks to the Equator Principles may be failing to uphold its standards such as grievance mechanisms in current projects being financed, according to a report by NGO BankTrack.

  • Third of investor votes back Mizuho Financial climate resolution

    25 June 2020

    More than a third of Mizuho Financial investors backed a ground-breaking shareholder resolution urging the Japanese bank to disclose its climate risks and publish a plan to align investments with the Paris Agreement.

  • Mizuho Financial faces first Japanese climate resolution

    16 March 2020

    Mizuho Financial faces the first shareholder resolution in Japan, calling on the bank to disclose its climate risks and publish a plan to align investments to the Paris Agreement.