Financed emissions - CSO Futures

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NZBA’s fate to be decided by the end of September

Net Zero Banking Alliance

NZBA’s fate to be decided by the end of September

The alliance has paused its activities while remaining members vote on its future.

28 August 2025

NZBA loses another major member as Swiss bank UBS withdraws

Net Zero Banking Alliance

NZBA loses another major member as Swiss bank UBS withdraws

UBS recently delayed its operational emissions target and scrapped ESG-linked compensation.

11 August 2025

HSBC provided US$54bn of sustainable finance in the first half of 2025

Sustainable Finance

HSBC provided US$54bn of sustainable finance in the first half of 2025

The bank aims to provide between US$750 billion and US$1 trillion of sustainable finance by 2030.

01 August 2025

600 FIs now committed to PCAF financial emissions disclosures

Climate disclosures

600 FIs now committed to PCAF financial emissions disclosures

PCAF is working to expand its standard and cover new asset classes such as transition finance.

30 May 2025

CPP Investments scraps 2050 net zero target

Sustainable Finance

CPP Investments scraps 2050 net zero target

"A tacit admission that CPPIB was aware that its statements on net zero weren't in line with internationally recognised standards."

23 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

NZBA softens climate target requirements for members

Climate Targets

NZBA softens climate target requirements for members

The move comes after many US, Canadian and Australian banks left the initiative.

15 April 2025

Standard Chartered sustainable finance income up 36% in 2024

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."

26 February 2025

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

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.

19 February 2025

Morgan Stanley lowers climate ambition in new round of 2030 targets

Climate Targets

Morgan Stanley lowers climate ambition in new round of 2030 targets

"The world is not on track to meet a 1.5°C scenario."

28 October 2024