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Barclays reopens its Cambridge Eagle Lab, now a hub for climate tech startups, featuring a 90% carbon emissions reduction through innovative retrofitting
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The protestors claim the bank’s climate targets fall short of UN standards
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It has now pledged to hit the milestone by 2030
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The bank has stated this new role will be crucial in its new strategy to decarbonise finance and the economy
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E.SUN FHC’s new policy addresses companies with more than 5% of their revenue from business activities in coal and unconventional oil and gas
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The division will help customers understand their carbon and track their climate ambitions
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This follows a 41% reduction in investments last year
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It also reduced its lending to oil and gas companies by 21%
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It has stated the use of the new technology for the next five years will reduce emissions by close to 500 tonnes
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It will continue reducing Scope 1 and 2 emissions from its operations, through investments in energy efficiency projects at corporate offices and bank branches
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The bank intends to halve its thermal coal financing exposure by 2030
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B Corp status is given to businesses that meet the highest standards of social and environmental performance
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