Archive

HSBC aims to cut financed emissions from oil & gas by 34% by 2030

HSBC has announced emissions reductions targets for 2030 covering pollution financed by its lending activities, which include a 34% cut in oil and gas emissions as well as 75% in the power and utilities sector.

Coal terminal developer issues 'ridiculous' sustainability-linked bond

An Indian port operator developing a coal terminal has sparked controversy after it raised $400 million from its debut sustainability-linked bond.

Carney criticised for 'greenwashing' net-zero financial firm alliance

Former Bank of England governor Mark Carney has been criticised by more than 90 non-governmental organisations that the Glasgow Financial Alliance for Net Zero (GFANZ) that he chairs provides a means for banks to 'greenwash' their activities.

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.

BHP criticised as confirms oil and gas exit with Woodside deal

Pressure has been building on BHP to exit its fossil fuel assets, but its proposed deal to shift its oil and gas assets to Woodside has been criticised - and considered 'disastrous' for Woodside shareholders and the environment. Ahren Lester reports

News round-up: Mitsubishi, Bank of Japan, M&G, Morgan Stanley, and more

Climate resolutions filed targeting Japanese banks

Lloyd's commits to stop investing in coal, tar sands and Arctic energy exploration

HSBC faces criticism after Paris-aligned finance pledge

Banking giant HSBC has become the latest bank to commit to align its financed emissions - the carbon emissions of its portfolio of customers - to the Paris Agreement goal to achieve net zero by 2050 or sooner.

Westpac abandons thermal coal funding in tighter climate policy

Westpac has committed to exit its funding of thermal coal firms by 2030 and to align its financing business to the Paris Agreement, as it launched its updated climate change position statement.