Investors call on Barclays and Standard Chartered to fund clean energy sector
Banks ‘not providing a clear strategy on how they will finance solutions for the clean energy transition’
Barclays
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ShareAction warns banks to ‘expect shareholder action’ if they don’t set robust climate targets
Banks were criticised for having ‘low-ambition’ and an ‘incoherent approach’ to setting climate targets earlier this year
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ShareAction to challenge bank CEOs over ‘incoherent’ decarbonisation targets
Climate targets and roadmaps set by banks are not fit for purpose, says ShareAction’s latest report
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Barclays paper urges UK to accelerate transition finance policies to meet decarbonisation goals
The UK is expected to require as much as £60bn of capital investment each year through the late 2020s and 2030s
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Government ‘must address funding challenges’ for UK to become climate tech leader
Barclays paper says UK public finance support for growth-stage climate tech companies should be ‘optimised’
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Barclays’ CEO: We want a government that pushes for sustainable technologies
At the recent Bloomberg conference, business leaders covered how banks are financing the transition
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FCA called to investigate greenwashing at UK high street banks
In light of the FCA’s new anti-greenwashing rule and guidance
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Downing appoints energy risk committee chair
Miller brings 20 years’ experience in energy markets
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Investor accuses Barclays of greenwashing for calling billions in fossil fuel funding ‘sustainable finance’
Comes as 2024 Banking on Climate Chaos report shows Barclays increased fossil fuel spending in 2023
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Shareholders ramp up pressure on Barclays, HSBC and Amazon this AGM season
Investor groups have questioned Barclays’ and HSBC’s sustainability policies, while Amazon called to consider workers’ rights
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Time for asset managers to hold banks accountable for inconsistency in net-zero targets
Comes as HSBC publishes targets covering only 33% of facilitated emissions
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Diversity Project expands Pathway programme as women fund managers share success stories
The Diversity Project Pathway programme helps to develop female portfolio managers of the future