Archive

New York Fed climate stress test demonstrates 'substantial' risk for banks

Researchers at the Federal Reserve Bank of New York have published a transition risk-focused climate stress test metric for banks, which demonstrated climate risk was "economically substantial" for some lenders during the 2020 energy crisis.

Investors must prepare for 'inevitable' carbon pricing, says Barclays

Barclays expects major governments to implement various carbon pricing mechanisms over the medium-to-long term..

£100bn orderbook for record-breaking £10bn UK green bond debut

The UK secured a £100 billion ($137 billion) orderbook for its £10 billion maiden sovereign green bond, making it both the largest sovereign sustainable bond ever issued and the largest ever orderbook.

'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.

HSBC, Standard Chartered and Barclays provide $12bn in fossil fuel financing in 2021

HSBC, Standard Chartered and Barclays have supported a combined $12 billion in fossil fuel financing in the first six months of 2021, which campaigners said undermines the climate pledges made by the lenders ahead of the COP26 climate summit in the country later this year.

News round-up: Barclays, Brazil and USS

News round-up: S&P, Barclays, EU taxonomy and more

Investors worth $4.3 trillion call on Barclays to stop coal and oil corporate financing

Banks with $29trn in assets pledge to set 2050 'net zero' targets

A group of banks with about $28.5 trillion in assets has joined a UN-convened 'Net Zero Banking Alliance', and in doing so pledged to "align operational and attributable emissions from their portfolios with pathways to net-zero by 2050 or sooner".

Investor group urges banks to set enhanced net zero targets