Are European banks' climate targets 'fit for purpose'?

Stuart Stone
clock • 6 min read
Credit: iStock
Image:

Credit: iStock

New ShareAction analysis warns big banks' current climate targets are unlikely to shift enough finance away from fossil fuels

The climate targets of Europe's 20 largest banks are collectively "not fit for purpose" and are unlikely to shift enough finance away from fossil fuel projects, a damning new analysis from campaign group...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Investment

 EthiFinance and ESG Book merge to create new European sustainability and credit rating agency

EthiFinance and ESG Book merge to create new European sustainability and credit rating agency

EthiFinance and ESG Book have announced a deal that aims to create one of Europe's largest independent credit and sustainability rating agencies

clock 10 July 2026 • 2 min read
Quinbrook UK and Ireland renewables fund attracts £587m in investor backing

Quinbrook UK and Ireland renewables fund attracts £587m in investor backing

Investor commitments to firm's latest Renewables Impact Fund exceeds £500m target to support projects across the UK and Ireland

Stuart Stone
clock 08 July 2026 • 3 min read
Severn Trent Water escapes fine for 'serious' past failings after slashing sewage spills

Severn Trent Water escapes fine for 'serious' past failings after slashing sewage spills

Water supplier accepts 'unacceptable' past sewer and drainage duty breaches, but avoids fine from Ofwat after investing in infrastructure upgrades that have reduced pollution spills

Michael Holder
clock 08 July 2026 • 3 min read