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The proceeds of the bond will be allocated to green loans incentivising landlords to mitigate the impacts of climate change
Jane Fraser made the announcement on her first day as Chief Executive Officer, with plans to publish the bank’s initial ‘Net Zero by 2050’ plan within the next year
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
Nearly seven-in-ten customers are likely to choose banks with positive social and environmental impacts, according to a new report
The strategy aims to prioritise financing and investment that supports decarbonisation and promises to ‘apply a climate lens’ to financing decisions
The bank, which financed nearly $11 billion in fossil fuel expansion in 2019 alone, has not elaborated on its plans to reach the target
Among other reasons, the bank has been recognised for contributing to the UK’s target of net zero emissions by 2050
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
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
The tech giant has partnered with Italian startup Flowe for a banking platform, which aims to educate younger ages about sustainable spending
