Your quick guide to the week of January 16, 2023 on TheBanker.com.
Banks are under fire for failing to live up to commitments under the Glasgow Financial Alliance for Net Zero and continue to invest heavily in fossil fuel projects.
Marie Kemplay speaks to Joseph Nganga, vice-president for Africa at the Global Energy Alliance for People and Planet, about the ambitious new Africa Carbon Markets Initiative.
As pressure mounts on multilateral lenders to finance the green transition, their approach to risk needs to adapt and governments in high-income countries need to play their part.
Sustainable finance debt issuance suffered declines across bond categories in 2022.
With climate change impacts becoming more apparent, it is time to up the ante on adaptation finance, suggests Harry Boyd-Carpenter, managing director of climate strategy and delivery at the EBRD.
Biodiversity is as crucial to zero emissions as it is to climate change, and carries the same financial risk, but will COP15 send investors the right signals?
Marie Kemplay explores significant developments underway within the voluntary carbon markets.
Although they are making the first steps, Europe’s largest banks are not yet doing enough to address climate change and nature loss.
Research shows that executives holding company shares are of tangible detriment to their companies’ ESG performance.
While European banks have a little more time to get their deforestation affairs in order, the wind is blowing towards requirement rather than suggestion.
While progress is being made in the world’s mission to preserve the climate, a big boost in annual finance and improved standards are necessary to stay on track.
Following the COP27 summit in Egypt, experts describe the financial infrastructure “not fit for purpose”, with developing countries at risk of being locked out of key markets.
While others in the region have made noises about phasing out coal, one bank has put its money where its mouth is despite the difficulties.
As the Net-Zero Banking Alliance continues to expand, lenders are caught between the urgency of the climate crisis, accusations of greenwashing, and the practical — as well as political — challenges of setting decarbonisation targets.
The alliance insists the move is of great ecological benefit, but historically banks have not held the agribusinesses they finance to proper account. A legislative response rather than individual efforts seems necessary.
The bank’s head of ESG advisory and financing solutions explains why he expects no let-up in client demand for support in navigating the increasingly complex ESG landscape.
A set of new sustainable development initiatives is establishing Singapore as a green finance hub and hints at Beijing’s broader intentions in the region.
Green perceptions appear to have little importance to customers, but in B2B it is a very different story. With this in mind, banks should hone in on other key drivers of customer brand consideration.
UK citizens are living longer, but social and economic conditions mean they are not necessarily living better in older age.