Banking - CSO Futures (Page 2)

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Financial institutions to stop funding fossil fuels by 2030 under new SBTi standard

Sustainable Finance

Financial institutions to stop funding fossil fuels by 2030 under new SBTi standard

“A clear signal that financial support for fossil fuel expansion must come to an end."

22 July 2025

Green economy businesses leave HSBC after bank’s NZBA exit

Green economy businesses leave HSBC after bank’s NZBA exit

“All companies that believe in net zero should ditch HSBC.”

16 July 2025

UBS names Christian Leitz as its new Chief Sustainability Officer

People & Culture

UBS names Christian Leitz as its new Chief Sustainability Officer

This year, UBS delayed its operational emissions target by 10 years and stepped away from ESG-linked compensation.

08 July 2025

Bank financing to fossil fuels grows for the first time since 2021

Bank financing to fossil fuels grows for the first time since 2021

"Only rapid and robust binding government regulation and oversight can make banks change course."

20 June 2025

Report highlights UK banks’ fossil fuel exclusion loopholes

Report highlights UK banks’ fossil fuel exclusion loopholes

NatWest was the only bank to provide more financing to green companies than to fossil fuels between 2020 and 2024.

30 May 2025

Basel Committee stands firm against US pressure to dilute work on climate risk

Policy & Standards

Basel Committee stands firm against US pressure to dilute work on climate risk

The Committee will prioritise its work to analyse the impact of extreme weather events on financial risks.

13 May 2025

HSBC AM eliminates Head of Sustainability position

People & Culture

HSBC AM eliminates Head of Sustainability position

Erin Leonard took on the new position of Global Head of Sustainability at HSBC AM in 2021.

06 May 2025

Top UK and EU banks still lack credible climate transition plans

Transition Finance

Top UK and EU banks still lack credible climate transition plans

"Banks won’t adopt credible transition plans unless they are required to do so."

29 April 2025

MUFG names first EMEA Chief Sustainability Officer

MUFG names first EMEA Chief Sustainability Officer

The Japanese bank has also appointed a Deputy CSO for the region.

03 April 2025

GRI seeks feedback on new financial services reporting standards

GRI seeks feedback on new financial services reporting standards

“It is more critical than ever to equip capital markets with relevant guidance that can support them in financing the transition to a sustainable global economy.”

07 March 2025