Filed under sustainable finance

Analysis of 35 leading investment banks shows financing of more than $2.66tn for fossil fuel industries since the Paris agreement

Analysis of 35 leading investment banks shows financing of more than $2.66tn for fossil fuel industries since the Paris agreement

Patrick Greenfield and Kalyeena Makortoff write in The Guardian that recent analysis shows that the world’s largest investment banks are failing to respond to the climate crisis.   Study: global banks ‘failing miserably’ on climate crisis by funneling trillions into fossil fuels The world’s largest investment banks have funnelled more than £2.2tn ($2.66tn) into fossil … Continue reading

Barclays Bank makes new move into sustainable finance

Barclays Bank makes new move into sustainable finance

The Climate Action website provides a news item about Barclay’s Bank announcing a new green trade loan for businesses. Climate Action works in a unique, contractual partnership with the United Nations Environment Programme (UNEP).   Barclays unveils new ‘green trade loans’ for businesses Barclays’ annual general meeting in London may have been disrupted by climate … Continue reading

New report from UNEP and World Bank on sustainable finance

New report from UNEP and World Bank on sustainable finance

Natalie Risse writes on the SDG Knowledge Hub of the International Institute for Sustainable Development (IISD) about the recently published roadmap for sustainable finance.   UN Environment, World Bank Issue Sustainable Finance Roadmap A report from UN Environment and the World Bank Group finds that sustainable finance requires a strong commitment from business owners and … Continue reading