Climate Targets

Wells Fargo drops net zero target in ‘cowardly and shortsighted’ move

“Investors expect banks to mitigate risk, not accelerate it.”

Melodie Michel

05 March 2025

Sustainable Finance

Standard Chartered sustainable finance income up 36% in 2024

“The opportunity to finance the transition to a low-carbon economy is more compelling and crucial than ever."

Melodie Michel

26 February 2025

Climate Targets

HSBC lowers ESG weighting in executive pay and delays net zero target by 20 years

The bank is also reviewing 2030 financed emissions targets.

Melodie Michel

19 February 2025

People & Culture

Wells Fargo announces Chief Sustainability Officer replacement

Jeffrey Schub has been named Head of Sustainability.

Melodie Michel

06 February 2025

People & Culture

Barclays confirms Head of Sustainability’s departure

Barlow's responsibilities have been taken over by Daniel Hanna as Group Head of Sustainable and Transition Finance.

Melodie Michel

14 January 2025

Sustainable Finance

One year left for EU banks to set up EBA-aligned ESG risk management

'Failing to plan is planning to fail.'

Melodie Michel

13 January 2025

Banking

JP Morgan completes Wall Street’s exodus from Net Zero Banking Alliance

All six of the top US banks have now left the climate alliance, two weeks before Donald Trump begins his second term.

Melodie Michel

07 January 2025

Sustainable Finance

Concerns grow over banks’ climate commitments as GFANZ loosens mandate

The move comes after several financial institutions decided to leave UN-backed climate initiatives, such as NZBA.

Melodie Michel

06 January 2025

Banking

Goldman Sachs leaves NZBA ahead of capital market emissions requirements

Earlier this year, Goldman Sachs AM also left Climate Action 100+ ahead of more stringent guidelines around oil and gas financing.

Melodie Michel

10 December 2024

CSO Futures Weekly

HSBC, Morgan Stanley: Are banks lowering their climate ambition?

Two banks seem to move sustainability down their priorities list and one sustainability head shares what keeps her awake at night.

Melodie Michel

31 October 2024