• Science Based Targets initiative launches financial sector framework

    01 October 2020

    Science Based Targets initiative (SBTi) has launched its "breakthrough" pilot framework for financial institutions to set science-based climate targets, but campaigners were "disappointed" and "disturbed" by what they perceive to be shortcomings.

  • Bank of America becomes third US lender to join carbon accounting initiative

    30 July 2020

    Bank of America (BoA) has joined the Partnership for Carbon Accounting Financials (PCAF), the third major US lender to join the initiative in the past week, as pressure builds on financial institutions to tackle the emissions of their lending and investment portfolios.

  • JP Morgan Chase given bloody nose by climate resolution

    20 May 2020

    JP Morgan Chase experienced a significant revolt from investors against its climate change position after nearly half voted in support of a shareholder resolution urging the US bank to align its financing to the Paris Agreement.

  • Goldman Sachs' environmental policy 'a crucial first step' for US banks

    16 December 2019

    Goldman Sachs' updated environmental policy marks "a crucial first step, among US banks, on ending financing for the expansion of oil and gas", according to a group of NGOs.

  • Axis Capital limits coal underwriting and investment

    17 October 2019

    Lloyd’s re/insurer Axis Capital has announced a new thermal coal and oil sands underwriting and investments policy after weeks of speculation on the issue.

  • Several banks still funding tar sands projects

    06 November 2017

    A number of commercial banks continue to finance the tar sands sector at levels that do not align with the Paris Agreement targets, according to environmental organisation Rainforest Action Network (RAN).

  • Banks too slow to curb coal financing, say NGOs

    05 May 2015

    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.

  • Call to strengthen Green Bond Principles

    10 April 2014

    The Green Bond Principles should be strengthened to help boost the credibility of the fledgling market, an NGO has claimed.