ShareAction

ShareAction warns many banks signed up to UN-affiliated Net Zero Banking Alliance are failing to set targets in line with a 1.5C pathway

Mark Carney-led, multi-trillion-dollar net zero finance initiative drops requirement for its members to join UN climate campaign

ShareAction warns world’s largest climate investor group is at risk of greenwashing - but Climate Action 100+ insists it is pushing climate issues into the corporate mainstream

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