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

Net Zero Banking Alliance exodus reaches Australia

Macquarie Group has decided to end its membership.

Melodie Michel

11 February 2025

People & Culture

Wells Fargo announces Chief Sustainability Officer replacement

Jeffrey Schub has been named Head of Sustainability.

Melodie Michel

06 February 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

Transition Finance

Wells Fargo begins developing transition finance framework

Banks could generate US$44 billion of extra revenue annually through 2030 by financing the climate transition.

Melodie Michel

03 September 2024