ClimateAlliance

JPMorgan's Fund Unit Exits Industry's Net-Zero Climate Alliance

12 days ago

In a significant development that could redefine the landscape of climate finance, JPMorgan Chase’s asset management arm has made the controversial decision to withdraw from the influential Net-Zero Asset Managers initiative. This move, announced on March 21, 2025, has sparked heated discussions regarding the future of climate commitments among financial institutions.

Bankers Climate Alliance Faces Crucial Decision on 1.5°C Climate Goal

23 days ago

The Bankers Climate Alliance, a coalition of leading financial institutions committed to climate action, is gearing up for a significant vote that could alter its long-standing commitment to the internationally recognized 1.5°C global temperature increase limit. This forthcoming decision comes amid rising pressures on the financial sector to address and navigate the multifaceted challenges posed by climate change.

SocGen Defies Wall Street: Stays Committed to Climate Alliance Amid Financial Pressures

2 months ago

In a significant divergence from its American counterparts, Société Générale (SocGen) has stated its decision to remain committed to the climate alliance that aims for sustainable financing and environmental responsibility. This announcement comes as major American banks like Goldman Sachs and JPMorgan Chase have opted to withdraw from similar commitments, citing shifting political landscapes and economic pressures.

Wall Street Banks Withdraw from Major Climate Alliance Amidst Rising Criticism

3 months ago

In a significant shift regarding climate action commitments, several prominent Wall Street banks have announced their departure from a key financial institution dedicated to fostering sustainable investment practices. This movement comes in the wake of intensified scrutiny over the effectiveness and sincerity of climate initiatives championed by these financial powerhouses.

Goldman Sachs Exits Climate Alliance for Banks Amid Shifting Environmental Strategies

4 months ago

In a significant development for both the financial and environmental sectors, Goldman Sachs has announced its departure from the Climate Alliance for Banks, the initiative aimed at addressing the challenges posed by climate change. This decision comes amidst changing dynamics in corporate sustainability strategies and regulatory frameworks, which have prompted banks to reassess their commitments and operational practices.