New UK-Based Climate Group Emerges as Banks Retreat February 20, 2025 By Natasha White It was a dank, drizzly February evening when about 120 people gathered in the brightly lit art gallery of London’s...
Four Canadian Banks Quit Climate Group as Exodus Begun by Wall Street Picks Up January 20, 2025 By Christine Dobby and Alastair Marsh Four of Canada’s biggest banks are leaving the industry’s top climate-finance alliance, joining Wall Street peers and extending an exodus...
EU Bank Regulator Tightens ESG Rules as Climate Risk Grows January 9, 2025 Europe’s financial regulator for banks said lenders in the bloc must regularly and comprehensively measure ESG risks, in new guidelines...
Top Climate Group for Banks, Insurers, and Asset Managers Is Making Changes January 2, 2025 By Alastair Marsh The world’s biggest climate coalition for financial firms is making adjustments after several high-profile banks, insurers and asset managers opted...
Morgan Stanley to Leave Sector Climate Coalition January 2, 2025 Investment bank Morgan Stanley said on Thursday it had decided to leave the Net-Zero Banking Alliance, becoming the latest U.S....
Wells Fargo Says It’s Quitting Climate-Banking Group December 23, 2024 By Saijel Kishan and Alastair Marsh Wells Fargo & Co. said it’s leaving the world’s biggest climate alliance for banks, in the latest sign that Wall...
Goldman Sachs Quits Global Climate Coalition for Banks December 6, 2024 By Simon Jessop and Virginia Furness Goldman Sachs said it has quit a sector coalition aimed at aligning bank lending and investment activities with global efforts...