HSBC was added to a list that will requires state governmental entities in Texas to divest from all of the bank's publicly traded securities within 360 days.
March 23, 2023BNP Paribas is being taken to court over its alleged failure to comply with France's duty of vigilance law regarding climate change.
February 27, 2023India raised almost $1bn that it will use for investments in renewable energy and climate change adaptation, among other areas.
January 26, 2023Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley and Wells Fargo are asked to submit their responses by 31 July 2023.
January 24, 2023There will be no limit on overseas investment in the $1.9bn sovereign green bond issuance. Five percent of the sale will be reserved for retail investors.
January 9, 2023The move came a day after a senate committee report was released highlighting the outsized influence of the “Big Three” asset managers towards ESG.
December 14, 2022Alongside the finalised transition framework for financial institutions, GFANZ issues updates on portfolio alignment metrics and policy levers.
November 2, 2022The GFANZ 2022 progress report appeared to confirm the alliance’s intention to allow member groups to set their own path to net zero.
October 31, 2022Prudential regulators should increase the risk weighting applied to major banks’ fossil fuel assets, Finance Watch says in a new report.
October 5, 2022Net Zero Banking Alliance members are under pressure to restrict their financing of fossil fuel projects, including coal production.
September 18, 2022