Banking

Standard Chartered achieves sustainable finance milestone

7 months ago7 months ago4 mins

Standard Chartered delivered $1.07 billion in sustainable finance income in its most recent full-year, achieving its target of $1 billion…

Standard Chartered has agreed a $435 million sustainability-linked revolving credit facility with agribusiness COFCO International, which has been designed to support responsible agriculture supply chains in South America.

Standard Chartered raises €1 billion in inaugural green bond

9 months ago9 months ago4 mins

Standard Chartered has announced that it has issued its inaugural green bond, which will be used to finance renewable energy,…

A new report by the Institute and Faculty of Actuaries (IFoA) has found that actuaries and other related financial professionals are playing a more direct role in advising firms and clients about sustainability actions.

Actuaries playing a more important role in promoting sustainability actions

10 months ago10 months ago3 mins

A new report by the Institute and Faculty of Actuaries (IFoA) has found that actuaries and other related financial professionals…

The Global Alliance for Banking on Values (GABV) has unveiled a new initiative to address how artificial intelligence (AI) defines the role and purpose of the global banking industry.

Global Alliance for Banking on Values launches collective action on the role of AI in banking

11 months ago11 months ago4 mins

The Global Alliance for Banking on Values (GABV) has unveiled a new initiative to address how artificial intelligence (AI) defines…

Reducing the scope of the Corporate Sustainability Reporting Directive (CSRD) would result in several major financial institutions and the 'majority' of smaller banks not being required to disclose their ESG information, which could negatively impact the overall sustainability reporting landscape, ING has said.

Reduced CSRD scope could impact overall reporting landscape, says ING

1 year ago1 year ago4 mins

Reducing the scope of the Corporate Sustainability Reporting Directive (CSRD) would result in several major financial institutions and the ‘majority’…

Close to four fifths (78%) of Irish businesses view sustainability as a 'major growth opportunity' for the coming years, a new study by PTSB has found.

Four fifths of Irish businesses see sustainability as a commercial opportunity

1 year ago11 months ago4 mins

Close to four fifths (78%) of Irish businesses view sustainability as a ‘major growth opportunity’ for the coming years, a…

Withdrawal of banks from climate alliances risks eroding public trust

1 year ago1 year ago4 mins

The exit of several high profile banks and investment firms from the Net Zero Banking Alliance (NZBA) risks eroding public…

BBVA has said that renewable energy sources were responsible for 99% of its global electricity consumption in 2025, while has also reduced Scope 1 and 2 emissions by 83% since 2019.

Spain’s BBVA ups sustainable business commitment

2 years ago2 years ago3 mins

Spanish financial services giant BBVA has announced plans to channel €700 billion into sustainable business between 2025 and 2029, an…

Finance leaders have been urged to 'double down' on sustainability, following a report by the World Benchmarking Alliance (WBA) that indicates that only 3% of financial institutions have climate transition plans in place.

Finance leaders urged to intensify sustainability efforts

2 years ago2 years ago3 mins

Finance leaders have been urged to ‘double down’ on sustainability, following a report by the World Benchmarking Alliance (WBA) that…

Morgan Stanley the latest bank to withdraw from Net-Zero Banking Alliance

2 years ago10 months ago3 mins

Morgan Stanley, one of the world’s biggest investment banks, has announced its departure from the Net-Zero Banking Alliance (NZBA). The…