Royal Bank of Canada ranked world's biggest fossil fuel financier
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
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?
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
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
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
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
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
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
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.
Santander criticised for investments in Polish coal expansion
Spanish banking giant Santander has faced criticism for its investment in Polish state-run energy group PGE and Energa Group.