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

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

HSBC unveils new net zero plans

The strategy aims to prioritise financing and investment that supports decarbonisation and promises to ‘apply a climate lens’ to financing decisions

Morgan Stanley commits to net zero financed emissions by 2050

The bank, which financed nearly $11 billion in fossil fuel expansion in 2019 alone, has not elaborated on its plans to reach the target

TSB becomes first high street bank to join Good Business Charter

Among other reasons, the bank has been recognised for contributing to the UK’s target of net zero emissions by 2050

NatWest Group appoints Lord Stern as independent climate change advisor

In his new role, he will provide independent advice, guidance and challenge to senior executives and management, as well as inform the implementation and delivery of the bank’s sustainability targets

Morgan Stanley ‘to become first major US bank to publicly disclose climate impacts’

The bank is to join the Partnership for Carbon Accounting Financials, which was set up in 2019 to standardise carbon accounting across the financial sector

Microsoft links millennial’s health to sustainability with new digital bank

The tech giant has partnered with Italian startup Flowe for a banking platform, which aims to educate younger ages about sustainable spending

Finance
EBRD considers making half of its annual investments green by 2025

The bank says an updated climate plan would further its climate and environmental finance and support a ‘green, low carbon and resilient future’

Westpac to withdraw support for thermal coal mining by 2030

The Australian bank says it has increased the share of renewables in its lending to the electricity generation sector from 59% to 75% since 2016