banking
The protestors claim the bank’s climate targets fall short of UN standards
It jumped from $5.2bn in 2012 to $540.6bn in 2021
These include railways and the country’s largest private bank
The Environment Agency Chief Executive looked forward following COP26 in his speech delivered to the banking sector – claiming they have “more power than most countries to create the change we need”
It has committed to offset all emissions generated by its mortgages
Portfolio Earth claims financiers are ‘co-responsible’ for propping up the plastic packaging industry, one of the main contributors to harmful plastic waste
It has become the first US-based global bank to join the Partnership for Carbon Accounting Financials and its Steering Committee
Members of the group are committed to ending finance for coal-fired power, meeting the aims of the Paris Agreement and encouraging others in the financial and utilities sectors to decarbonise
The banking giant has also promised to avoid financing projects in Alaska’s Arctic National Wildlife Refuge and said it will not invest in new thermal coal mines anywhere in the world
Boston Common Asset Management claims green banking initiatives have not changed lending and investment practices in reality