What are sustainability-linked loans and why are they struggling?
Sustainability-linked loans, a form of debt issuance linked to hitting certain sustainability targets, are haemorrhaging clients – in line with…
Banking
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Financial services firms must focus on Scope 3 to achieve net zero – report
Around 71% of emissions in the financial services sector fall into Scope 3 (indirect) emissions, a new GlobalData report reveals.…
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Is Barclays really moving away from fossil fuels?
Barclays' announcement last week (9 February) that it will no longer finance new oil and gas fields is positive environmental…
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“There is politics, and there is business; the reality is ESG is good business” – UNEP FI’s Eric Usher
A lot has changed since Mark Carney first launched GFANZ with a huge fanfare at COP26 in Glasgow. During the…
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COP28: Six new banks sign up to UNEP FI’s Principles for Responsible Banking
Over the weekend at COP28, at an inaugural signing ceremony attended by Energy Monitor, the United Nations Environment Programme Finance…
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Leading with an invisible hand: what role will private finance play at COP28?
As global leaders spend the next two weeks hammering out decisions relating to the future of our planet at COP28…
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Climate finance surpasses $1trn a year
Six years on from the Paris Agreement, annual climate finance flows across the globe surpassed the $1trn mark in 2021,…
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What has a year of ‘global financial architecture reform’ actually achieved?
Global financial architecture - the international system through which countries can access financing to invest in infrastructure and development -…
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Financial giants have invested $1.5bn in dirty Bitcoin mining – Greenpeace
American Express, BlackRock, CitiGroup, Fidelity, Goldman Sachs, JPMorgan Chase, Mastercard, Vanguard and Visa have collectively invested $1.5bn in Bitcoin mining,…
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Why climate stress tests are not fit for purpose
For decades, central banks have used stress testing to assess their resilience to various economic shocks such as a recession.…
