Climate Links:
financial sector
HSBC climate change adverts banned by UK watchdog
Article
· English
The UK's advertising regulator has banned two HSBC advertisements for being "misleading" about the company's work to tackle climate change.
HSBC to end funding for new oil and gas fields
Article
· English
HSBC has announced it will stop financing new oil and gas fields, as part of its efforts to drive down global greenhouse gas emissions.
How vulnerable is Wall Street to climate change? The Fed wants to find out
Article
· English
The Federal Reserve is putting the country's biggest banks to a test
Cracking Down on a Wall Street Trend: E.S.G. Makeovers
Article
· English · Paywall
In recent years, financial firms have revamped dozens of mutual funds into E.S.G. dedicated funds — seeking to cash in on growing demand for such investments.
Deforestation Dividends
Paper
· English
CO2 emissions from various means of payment
Blog
· English
World Bank criticised over climate crisis spending
Article
· English
Oxfam research suggests up to 40% of bank’s reported climate-related spending cannot be accounted for
SEC Charges Goldman Sachs Asset Management for Failing to Follow its Policies and Procedures Involving ESG Investments
Blog
· English
The Securities and Exchange Commission today charged Goldman Sachs Asset Management, L.P. (GSAM) for policies and procedures failures involving two mutual funds and one separately managed account strategy marketed as Environmental, Social, and Governance (ESG) investments. To settle the charges, GSAM agreed to pay a $4 million penalty.
Glasgow Financial Alliance for Net Zero
Organisation
· English
Accelerating the transition to a net-zero global economy
MAKING FINANCE WORK FOR THE CLIMATE
Organisation
· English
A financial sector that supports the transition to sustainable societies that preserve ecosystems and satisfy people’s basic needs.
Who Pays the Bill for Climate Change?
Podcast
· English · Paywall
A plan led by Barbados could remake the way the world of finance deals with the climate crisis.
World Bank President, Dogged by Climate Questions, Will Step Down Early
Article
· English · Paywall
David Malpass, under fire for months by critics who accused him of climate denialism, said he would resign in June, a year before his term ends.
Carbon Tracker Initiative
Organisation
· English
Carbon Tracker is an independent financial think tank that carries out in-depth analysis on the impact of the energy transition on capital markets and the potential investment in high-cost, carbon-intensive fossil fuels.
Funds Hit Brakes as Reclassifications Take Toll: ESG Regulations
Article
· English
Asset managers grappling with continuous ESG regulatory updates in the European Union may soon opt to fight back, rather than try to adapt to a moving target.
Intelligent data use for sustainable real estate investments
Article
· Deutsch
Financial service providers are increasingly confronted with the question of whether their own real estate portfolio is up to sustainability criteria and the consequences of climate change. Cloud technologies and intelligent handling of data can provide important answers.