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Remaining $5tn under its management is not included in the target
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These will hit banks the heaviest, the Bank of England warns
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The three partners have pledged to invest €100m each
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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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The division will help customers understand their carbon and track their climate ambitions
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These include railways and the country’s largest private bank
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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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The Environment Agency Chief Executive looked forward following COP26 in his speech delivered to the banking sector – claiming they have “more power than most countries to create the change we need”
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