Divestment is banks’ best tool for net zero

Climate pledges and greenwashing regulation are a distraction from concrete divestment targets, according to Hans Stegeman, chief economist at Triodos Bank.

Temperature records on land and at sea are being broken at an alarming pace, shows research from the World Meteorological Organization, a UN agency, as the impacts of climate change are increasingly felt globally. The international political will needed to slash emissions in line with science and slow global warming is, however, sorely lacking.