Thai Union secures ‘Blue Loan’ to support sustainable production
Seafood conglomerate Thai Union Group has secured a $150 million ‘Blue Loan’ from the Asian Development Bank (ADB), to support…
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New NZBA standards represent a ‘loosening of climate ambitions’
The Net Zero Banking Alliance‘s (NZBA) recent decision to revise its guidelines from a strict 1.5°C target to a more…
Atlas Renewable Energy secures financing for Chile project
Atlas Renewable Energy has secured what it says is the largest financing deal in its history, to support the development…
Everland, BNP Paribas unveil $50m initiative to support Amazon conservation
Everland has teamed up with BNP Paribas to unveil a $50 million capital markets initiative that will finance large-scale, Indigenous…
Canada’s RBC drops sustainable finance commitments
Royal Bank of Canada (RBC) has dropped its sustainable finance commitments, citing recent changes to the country’s Competition Act. In…
Financial institutions face challenge of decarbonising while staying tied to fossil fuels
Financial institutions are continuing to accelerate their decarbonisation efforts, however they remain reluctant to reduce their fossil fuel investments, in…
Withdrawal of banks from climate alliances risks eroding public trust
The exit of several high profile banks and investment firms from the Net Zero Banking Alliance (NZBA) risks eroding public…
Sustainable Energy for All mobilises $900m to accelerate clean energy transition
Sustainable Energy for All has mobilised $900 million in financial commitments to scale energy access and drive the clean energy…
Spain’s BBVA ups sustainable business commitment
Spanish financial services giant BBVA has announced plans to channel €700 billion into sustainable business between 2025 and 2029, an…
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…