IIGCC to step up pressure on banks to demonstrate action on net zero
A group representing investors with €65 trillion ($70 trillion) in assets under management has published a set of expectations for banks, as they push for more details on how banks will act on pledges to achieve net zero emissions.
Six US banks to pilot Fed-led climate scenario analysis
The US Federal Reserve has revealed that six of the largest US banks are to participate in a pilot exercise to study their ability to manage climate-related financial risks, in a significant development for the financial stability supervision framework in the world's largest economy.
Citi launches Asia-Pacific sustainability deposits
Citi appoints new sustainable debt director
Citi lays out initial net zero plan
US banking giant Citigroup has laid out its initial net zero plan, including 2030 emissions targets for its energy and power loan portfolios.
Citi's $200m impact fund invests in seven companies
US bank Citi has invested in seven companies via its $200 million impact fund, including in those focusing on the areas of technology, transportation and education.
Global banks supply $800m a day to plastics supply chain
The amount of money that banks have pumped into the global plastics supply chain has been tracked in a new report