Finance
HSBC pledges to reach net zero financed emissions by mid-century
But bank's commitment to decarbonising its financing by mid-century, on top of its supply chain and operations by 2030, is slammed by campaigners as "empty" and an "attempt to buy time" due to its failure to commit to divest from coal and oil and gas...
Oxford Offsetting Principles: Academics launch new guidelines for carbon offsetting
New standard aims to help protect companies from accusations of greenwash by ensuring they prioritise the highest-quality, most effective carbon offsets available
Morgan Stanley targets 'zero financed emissions' by 2050 in US first
But investment bank highlights lack of consistent CO2 methodologies for finance as 'critical challenge' for establishing near-term emissions reduction targets for its portfolio
Bank of England admits bond portfolio out of step with Paris climate goals
Central bank publishes first ever climate risk assessment revealing non-gilt holdings aligned with whopping 3.5C global warming scenario
JP Morgan Chase climate shareholder resolution narrowly defeated
Resolution's narrow defeat – at 49.6 per cent – sends a clear sign to bank that investors are increasingly displeased with its approach to fossil fuel investment.
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