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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.

Sumitomo Mitsui Banking Corporation has developed a new climate-risk framework and announced it will review each customer's transition risk response by this summer.

The world's largest banks have been named and shamed for continuing to fund activities that threaten the biodiversity of the planet.

More than a third of Mizuho Financial investors backed a ground-breaking shareholder resolution urging the Japanese bank to disclose its climate risks and publish a plan to align investments with the Paris Agreement.