'Glacial pace': ShareAction slams European banks over sluggish action on climate crisis

Cecilia Keating
clock • 3 min read

Scorecard published by responsible investment group shows that banking sector is falling well short of best practices for climate risk management and disclosure

The European banking sector has largely flunked a scorecard tracking efforts to tackle the climate crisis, with progress in delivering new green finance products undermined by many banks ongoing support...

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

Green Finance Institute launches CDR Catalyst to unlock investment in UK's carbon removal sector

Green Finance Institute launches CDR Catalyst to unlock investment in UK's carbon removal sector

New CDR Catalyst aims to close the commercialisation gap to and help scale up the UK's fledgling carbon removal sector

clock 13 May 2026 • 4 min read
Three-quarters of UK pension schemes have set a net zero target

Three-quarters of UK pension schemes have set a net zero target

Majority of larger schemes now seen to have credible net zero strategy, but smaller schemes are still lagging with their climate efforts

Martin Richmond, Professional Pensions
clock 12 May 2026 • 3 min read
Analysis: Oil and gas majors slashed low carbon spending by 65 per cent in 2025

Analysis: Oil and gas majors slashed low carbon spending by 65 per cent in 2025

Low carbon investment from seven leading oil and gas companies plummeted to lowest level since 2019 last year, according to Bloomberg New Energy Finance analysis

Michael Holder
clock 08 May 2026 • 4 min read