Banking
HSBC to ‘stop new oil and gas funding’
The banking giant’s move will send ‘shockwaves’ through the fossil fuel industry and put the spotlight on other financial institutions.
COP27: MDBs welcome call to scale up climate funding
Multilateral Development Banks react to the final COP27 text, which called on them to scale up climate financing and reform their “practices and priorities”.
COP27 snapshots: NZAM has $21.8trn committed to achieve net zero 2050
Highlights from COP27’s finance day: GFANZ alliances publish targets and members still funding firms connected to deforestation.
Are big banks moving from big oil?
With Lloyds the first major UK bank to announce a stop to investment in new oil and gas projects, Christopher Marchant examines if this marks the beginning of a momentous shift away from ‘‘brown' investment or is a mere anomaly.
Factoring in the net-zero consumer
HSBC’s rebuke by the UK’s advertising regulator highlights how the relationship between consumers and asset managers must change.
AIIB: a ‘moonshot’ mission to net zero
The Asian Infrastructure Investment Bank’s chief economist and lead economist reflect on a once-in-a-generation opportunity for emerging economies to achieve a smooth and fair transition.
Attorneys general issue ‘anti-ESG’ demands to big six US banks
The banks have been ordered to disclose UN climate initiative membership details amid growing Republican attacks on ESG investing.
Is the World Bank doing enough on climate?
As the development bank prepares for its annual meeting in Washington DC, some stakeholders and investors are questioning its commitment to tackling climate change.