Barclays

Fossil fuel financing declined by nine per cent in 2020 amid the economic downturn, but campaigners warn overall trend is 'one heading definitively in the wrong direction'

Executives from likes of Bank of America, BNP Paribas, Macquarie, Lloyds, and Citi also join effort to develop credible pathway to deliver a net zero banking sector

One in 10 consumers could leave their high street bank if made aware of the institution's investments in coal, oil, and gas, survey suggests

Climate risk and ESG factors to be integrated into £1.3bn diversified growth portfolio used for Barclays UKRF defined contribution pension scheme

Until British banks rule out all fossil fuel funding, their climate plans will remain inadequate, argues Market Forces' campaigner Adam McGibbon

But campaigners warn new strategy does not move fast enough to end financing for fossil fuel infrastructure

The bank has successfully closed its second green bond as it continues its strategy to deliver net zero financed emissions by 2050

Analysis of FTSE 100 companies finds just 16 per cent have realistic decarbonisation strategies in place, yet 45 per cent are targeting net zero emissions

Recolight CEO Nigel Harvey speaks to BusinessGreen after being among 250 arrested for their part in Extinction Rebellion actions in London this week

It marks the first move under the bank's £175m sustainable investment drive announced last month as part of its net zero strategy