banking

The NZBA's decision to cease operations has been described as both 'sustainability backsliding' and a necessary 'course correction' - but what happens now for the organisation and the banking industry's net zero transition?

Banking giant updates targets for financed emissions, citing 'evolving context' and 'inconsistent pace' of net zero transition

Analysis reveals no bank has fully committed to ending financing for all new oil and gas fields or coal projects

World's 65 largest banks provided more than twice as much funding for fossil fuels than for clean energy sources between 2021 and 2024, new research shows

Fresh investment to strengthen green lender's push towards net zero operations and lending by 2050

Green finance groups fear HSBC's exit from the net zero industry group could see the banking sector's 'dangerous rollback' on climate action cross the Atlantic

In a reversal of recent trends fossil fuel funding from the world's top 65 banks increased $84.8bn in 2024, according to the annual Banking on Climate Chaos report

Banking giant claims its climate tech venture capital arm has invested over £200m to date worldwide, while unlocking over £300m from co-investors

Analysis by InfluenceMap claims Barclays, HSBC, Lloyds, and NatWest are all continuing to finance fossil fuel projects that could undermine net zero targets

Standard Chartered's chief sustainability officer reflects on her move into sustainability from investment banking, how 'big ideas' are coming from unexpected places, and the co-benefits of electric driving