bank

A new report claims that banks and investors have financed close to double the carbon emissions of the whole UK

The targets follow its announcement that it achieved carbon-neutrality in 2020 and would invest $1tn into green activities over the next decade

The announcement has been made as part of the bank’s 2025 Sustainable Progress Strategy to help accelerate the transition towards a low carbon economy

It has become the first US-based global bank to join the Partnership for Carbon Accounting Financials and its Steering Committee

It has also committed to power five million homes through supporting renewable projects in the UK by 2020

Wells Fargo will provide half of the funding for projects that directly support the low carbon transition

The bank supported nearly 1,500 green transactions over three years between 2015 and 2017

A solar farm and a heat pump company are to become the first businesses to benefit from a UK bank’s newly launched crowdfunding platform. Triodos Bank’s platform will allow the public to invest directly in renewable energy projects. The first round of funding will help Mendip Renewables raise £1.8 million to take a 5MW operational […]

Dutch bank ING has pledged to invest €100 million (£87m) in sustainable businesses over three to four years. It will provide the funding through its new arm ‘Sustainable Investments’ to firms that have a “proven concept and a positive environmental impact”. It plans to target opportunities in all sectors and focus on innovative business models […]

Barclays has issued a €500 million (£441m) green bond claimed to be the first issued by a UK bank to fund domestic assets. The funds raised will be used to finance and refinance residential mortgages on properties in England and Wales, which are in the top 15% of the lowest carbon intensive buildings in these […]