Celebs call on banks to stop financing fossil fuels

Emma Thompson, Stephen Fry and Brian Eno are some of the signatories of an open letter

‘Banks make net zero pledges but don’t give up on fossil fuels’

A new report says more hundreds of billions is still invested from GFANZ members

Will SMEs be left behind in the race to net zero?

SMEs risk losing access to funding without the support from the banking sector

‘Climate change will lead to £340bn losses by 2050’

These will hit banks the heaviest, the Bank of England warns

UK Government hits Russia with another 65 sanctions

These include railways and the country’s largest private bank

‘We can’t solve the climate crisis without the banks’ says Sir James Bevan

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”

Global banks team up to launch carbon offset platform

‘Project Carbon’ aims to support a global marketplace for quality carbon offsets with ‘clear and consistent pricing and standards’ and provide a pathway for clients in their efforts to achieve a net zero goal

Bank of England launches climate stress test for financial sector

It will explore the two key risks from climate change – the impact of the move towards a net zero economy and risks associated with higher global temperatures

‘UK banks responsible for 805m tonnes of emissions in 2019’

A new report claims that banks and investors have financed close to double the carbon emissions of the whole UK

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