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.
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.
Deutsche Bank's tightened fossil fuel policy judged 'unambitious'
Deutsche Bank has tightened its fossil fuel policy to include exiting from coal mining investments by 2025, strengthening its stance towards coal power and restricting oil and gas sector financing - but campaigners continued to criticise the lender for its lack of ambition.
Equator Principles teams up with IFC to help banks manage risks
The Equator Principles Association (EPA) and the International Finance Corporation (IFC) are to collaborate in efforts to strengthen the capacity of financial institutions to manage environmental and social risk.
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.
HSBC pledges $1bn to green bond market
HSBC has stepped up its commitment to the green bond market, pledging to buy $1 billion of notes.
ING measures its sustainable lending
The Dutch bank believes assessing the sustainability credentials of its corporate loan book could help it outperform in the long-term. Peter Cripps reports
Citi beats climate change finance target, plans new goal
US bank Citi claims to have directed $53.9 billion to activities that mitigate climate change between 2007 and the end of last year. This means it is three years ahead of its self-imposed target of $50 billion over ten years. It is now developing a new target to spur further environmental financing, the bank said.