Investors managing $11tr of assets urge banks to curtail fossil fuel financing

Cecilia Keating
clock • 4 min read

Institutional Investors Group on Climate Change calls on banks to back their net zero pledges with moves to halt support for fossil fuels and activities that drive deforestation

A coalition of major investors managing a combined $11tr of assets worldwide is calling on the banks to boost their 2050 climate goals by curtailing financing of activities that contribute to deforestation,...

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

Study: Clean industrial projects represent near $2tr investment opportunity

Study: Clean industrial projects represent near $2tr investment opportunity

New research claims more than a thousand clean industrial projects are now in progress worldwide

Stuart Stone
clock 04 November 2025 • 3 min read
CDP: World's cities seek record $105bn investment for climate resilience projects

CDP: World's cities seek record $105bn investment for climate resilience projects

Global analysis shows pipeline of urban climate projects has grown from $86bn to $105bn in the past year

James Murray
clock 03 November 2025 • 3 min read
Transition Finance Council consults on new guidelines to divert funds to 'sectors that need it most'

Transition Finance Council consults on new guidelines to divert funds to 'sectors that need it most'

UK's Transition Finance Council publishes latest draft guidelines ahead of final publication next spring

Stuart Stone
clock 03 November 2025 • 4 min read