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.

Melodie Michel

13 May 2025

Climate Targets

NZBA softens climate target requirements for members

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

Melodie Michel

15 April 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

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."

Melodie Michel

28 October 2024

Sustainable Finance

Most NZBA member banks have now set climate targets

Most of the banks that have not met their target-setting requirements are in emerging markets.

Melodie Michel

03 October 2024