Equator Principles revision under fire from investors and NGOs
A proposed revision of the Equator Principles does not go far enough in respecting the rights of indigenous peoples affected by major investment projects, according to more than 50 institutional investors.
Coal utilities boosted by €16bn since Paris Agreement, say NGOs
Eight financial institutions have given Europe's 'most polluting utilities' almost €16 billion ($17 billion) in support since the Paris Agreement was signed in December 2015, a new briefing by NGO Europe Beyond Coal has found.
Barclays' energy policy backs tar sand projects with 'big money', say campaigners
Barclays' revised energy policy has been criticised by environmental pressure groups as underwhelming in ambition, as it provides "big money" for tar sand projects.
HSBC is latest bank to withdraw from coal and tar sands
HSBC pledged to stop lending to most coal-fired power stations and to stop financing oil from tar sands, but "missed the chance to join the green banking leaders", according to one NGO.
Equator Principles to get first overhaul since 2013
The Equator Principles will be updated to align with the aims of the Paris Agreement and recommendations of the FSB's Task-Force on Climate-related Financial Disclosures (TCFD), it has been revealed.
Equator Principles' banks face calls for drastic revisions
Bank signatories of the Equator Principles are under pressure from campaigners to agree to a major revision of the standards, as their annual meeting convenes in Sao Paulo.
Deutsche to stop financing for new coal projects
Deutsche Bank has committed to not provide financing for new coal-fired power plants and new 'greenfield' thermal coal mines.
Green Climate Fund under pressure to shun HSBC and Credit Agricole
Environmental NGOs have urged the UN's Green Climate Fund not to work with HSBC and Credit Agricole in order to "maintain its integrity".
Under scrutiny: green bond impact reporting
Issuers' reports on the environmental impact of their green bonds range from a few paragraphs on hard-to-find webpages to 80-page documents. But, given the costs and assumptions involved, some question whether more is necessarily better. Graham Cooper reports
Banks too slow to curb coal financing, say NGOs
Global financing for coal mining and coal-fired power generation remained unchanged last year at about $144 billion, despite the financial distress of leading coal miners and many banks increasing their support for renewable energy.