Banks have invested close to $600 billion into firms linked to tropical deforestation since 2020
Banks and investment funds have provided $595 billion in financing to firms involved in agribusiness and mining in tropical forest…
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India’s financial institutions largely treating climate risk as a compliance issue, report claims
India’s banks and financial institutions are ‘failing to recognise and integrate climate risks into their business model’, instead largely treating…
Just two of the world’s top financial institutions have commitments to phase out fossil fuels
Only two of the world’s 400 largest financial institutions have ‘robust commitments’ in place to phase out fossil fuels, new…
Europe’s banks continuing to support gas power expansion despite market risks
European banks have increased their backing for new gas power plant developments since 2021, despite increased costs and heightened industry…
Global banks ‘stalling’ on climate action, LSE report finds
Global banks are falling short on their climate commitments, with most making ‘little progress’ or ‘weakened action’ on addressing climate…
TPI Centre expands assessment framework for tracking banks’ climate progress
The Transition Pathway Initiative Centre, hosted by the London School of Economics’ Grantham Research Institute, has announced it is expanding…
Transition plans of top banks ‘not fit for purpose’, says Reclaim Finance
The transition plans of the 20 biggest UK and European banks are ‘not fit for purpose’, Reclaim Finance has said,…
Large European banks ‘highly dependent’ on ecosystem services
Europe’s biggest banks are significantly dependent on ecosystem services, a new report by the EU Directorate-General for the Environment has…