topic: banking
January 30, 2023
Explainer: MEPs vote on bank ESG disclosures and ‘one-for-one’ rule
MEPs back ESG risk disclosures for banks but fail to support a rule requiring them to finance new fossil fuel activities solely from their own...
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January 26, 2023
Gfanz hits back at activist energy financing report
Gfanz contests the findings of a report by the Bank On Our Future network that claims members of the alliance provide less financing for renewable...
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January 23, 2023
Indian financial sector falling behind country’s climate ambitions, says study
A new report finds that India’s major financial institutions have limited understanding of environmental issues such as greenhouse gas emissions or transition risks. Indian financial...
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January 11, 2023
Federal Reserve will not be a ‘climate policymaker’, says chair
Jerome Powell’s comments come on the heels of a Fed report on how global banks are measuring their climate risk. Federal Reserve chair Jerome Powell has...
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December 13, 2022
European banks leave ‘too much room for greenwashing’, research warns
A lack of external audits on green finance transactions could compromise banks’ green finance targets, while biodiversity efforts are limited in scope and ambition, says...
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November 23, 2022
Activists push the EU to implement ‘one for one’ rule
Following similar requests for the Bank of England, environmental activists from around the world call on the European Parliament to introduce capital requirements that force...
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August 30, 2022
Japan’s megabanks need to accelerate net zero action, says thinktank
Despite being members of the Net-Zero Banking Alliance, Mizuho, MUFG and SMBC have made no commitments to exit the fossil fuel sector. Thinktank and NGO Reclaim Finance says that while Japanese...
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June 7, 2022
Eurozone banks under fire for poor climate risk disclosures
Lenders from the eurozone face increasing pressure and possible enforcement action for failing to meet the European Central Bank’s climate risk disclosure expectations. The European Central Bank’s supervisory assessment of...
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