EY pledges to cut 40% of absolute emissions and offset more than the remainder by 2021

It hopes to cut business travel emissions by 35% by 2025 against a 2019 baseline, as well as reduce overall office electricity usage and procure 100% renewable energy by this time

EAC warns Bank of England to avoid ‘moral hazard’ from high-carbon bond purchases

The Environmental Audit Committee says the bank’s corporate bond purchases are currently aligned with a ‘catastrophic’ 3.5°C temperature rise by 2100

Investment in the global energy transition topped $500bn in 2020

Solar and wind received the bulk of renewable investments globally, according to a new report

Banque de France to end all financing of companies associated with coal by 2024

However, the bank will continue to support companies that source up to 10% of their turnover from ultra-polluting tar sands, fracking and fossil fuel exploration in the Arctic

Fintech firm Cushon launches ‘first net zero pension’

The average pension member in the UK currently finances around 23 tonnes of annual carbon emissions through their investments alone

Malaysia’s CIMB to phase out coal financing by 2040

Asset-level or general corporate financing will be prohibited for new thermal coal mines and coal-fired power plants, as well as expansions of the projects

Banking giant TSB unveils 2030 net zero roadmap

The company has committed to reducing gas consumption for heating, which accounted for 94% of TSB’s remaining Scope 1 and Scope 2 emissions in 2020

Two million plastic bags are used every minute – are banks partially to blame?

Portfolio Earth says yes – it calls for global banks to stop financing businesses in the plastic supply chain unless they can demonstrate best practice in environmental behaviours

Almost half of banking customers ‘would move money if they knew their bank was financing fossil fuels’

Nearly seven-in-ten customers are likely to choose banks with positive social and environmental impacts, according to a new report

UK’s net zero transition to ‘impact almost 10m jobs in high-emitting industries’

A new study shows that in some of Britain’s poorest regions, more than two-in-five jobs are in a high-emitting industry