Money in the Bank: The Central Role of Corporate Finance & Baking for Meeting Climate Goals Corporate cash is not climate neutral. Every company has a financial supply chain that generates emissions that companies must work to decarbonize. Where companies invest and where they bank generates emissions through the financial system and can produce more …
QUARTZ by Tim McDonnell Banks Can’t Stomach Genuine Climate Targets A Much-Lauded Climate Alliance for Financial Institutions Launched a Year Ago is Already Falling Apart At last year’s COP26 climate summit in Glasgow, one number grabbed a lot of headlines: $130 trillion, the sum total of assets managed by global financial institutions that had committed …
Wall Street Banks Weaken the Top Climate Authority for Banks Read More »
JPMorgan, Bank of America, Morgan Stanley and Other Big Banks Weaken the World’s Top Climate Authority for Banks with Cascading Consequences for Clients The Net-Zero Banking Alliance’s decision to overrule science-informed membership requirements allows banks to continue benefiting from the reputational advantages of their net-zero commitments without accountability for ending the fossil fuel policies that …
Wall Street Banks Weaken the Top Climate Authority for Banks Read More »
What About Foundations? Michael Kavate – Inside Philanthropy Published July 12, 2022 https://www.insidephilanthropy.com/home/2022/7/12/corporations-assets-have-a-huge-carbon-footprint-what-about-foundations Microsoft, Apple and other companies have invested millions to electrify their operations and otherwise cut their emissions. Yet all those efforts may be outweighed by the carbon footprints of the money they have in the bank, according to a report released in …
Corporations’ Assets Have Huge Carbon Footprints Read More »
Climate activists are infuriated after the Supreme Court's latest ruling limiting the EPA's authority to set clean air and climate standards for the private industry. pic.twitter.com/W9pjEf8UKC — ABC News Live (@ABCNewsLive) July 1, 2022
BankFWD Responds to the Supreme Court’s Ruling on EPA vs West Virginia The EPA’s Clean Power Plan would have given the financial sector a powerful lever to hold the fossil fuel and energy companies in their portfolios accountable for meeting critical energy transition milestones. Tweet June 30, 2022 The Supreme Court’s decision to severely limit …
11-30-2021 — On November 29th, First Republic Bank became the first large US bank to announce a commitment to ending all lending to fossil fuel companies, the only one of the US’ 25 largest banks to do so. This commitment marks a watershed moment for large banks’ climate action and establishes the important precedent that …
On November 29th, First Republic Bank became the first large US bank to announce a commitment to ending all lending to fossil fuel companies, the only one of the US’ 25 largest banks to do so. This commitment marks a watershed moment for large banks’ climate action and establishes the important precedent that fossil fuels …
First Republic Is First Large US Bank to Stop Fossil Fuel Lending Read More »
Paul Polman, BankFWD partner and Rockefeller Foundation trustee, on the importance of corporations holding banks accountable for their unsustainable financing. Link to article
Link to Politico article
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