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But campaigners warned strategy is too weak and littered with loopholes that would allow bank to continue to finance expansion of oil and gas industry

Leading shareholders claim successful engagement with bank has secured new commitments to phase down fossil fuel financing and tighten lending policies

New analysis reveals Net Zero Banking Alliance members funnelled $33bn towards expanding oil and gas production over past year, but banks insist they are working to reduce their exposure to fossil fuels

VIDEO: Climate Analytics CEO Bill Hare, ShareAction CEO Catherine Howarth, CDP CEO Paul Simpson, and Nomad Foods CEO Stefan Descheemaeker discuss how to avoid greenwash at the Net Zero Festival

Fresh criticism of a contentious sustainable finance report published by BlackRock for the European Commission adds to the long-running debate over how best to deliver a greener future for the finance sector

Campaigners welcome AGM vote but warn bank's commitment must be followed up by robust framework for delivering global 2040 coal financing phase out

VIDEO: Chief executive of the responsible investment charity chats to BusinessGreen's James Murray about the rise of shareholder activism in driving climate action

World’s largest proxy advising firm has updated its guidelines for fund managers to vote against board members who fail to account for climate risk

UK pension provider becomes the latest in the sector to commit to both 2030 and 2050 portfolio decarbonisation targets

Investors managing portfolios worth trillions of dollars are now backing net zero ahead of COP26 - could 2021 prove a transformative year for financial markets?