EnvironmentalInitiatives

Nomura Withdraws from Climate Commitment, Aligning with Wall Street's Shift

3 months ago

In a significant move indicative of changing priorities across the financial sector, Nomura Holdings Inc. has announced its decision to withdraw from the net-zero banking alliance, a group dedicated to promoting climate action within the banking industry. This exit marks a pivotal moment within the climate finance landscape, reflecting a broader trend among major financial institutions on Wall Street. The announcement was made on March 12, 2025, and has sent ripples through the sustainability community and the global financial markets.

SBTi Seeks New Funding Sources Following Bezos Grant Expiration

4 months ago

The Science Based Targets initiative (SBTi), an influential non-profit organization dedicated to helping companies set and achieve science-based emissions reduction targets, is now turning its attention to diversified funding strategies as a significant financial agreement with Amazon founder Jeff Bezos comes to an end. In February 2025, SBTi will officially conclude its philanthropic relationship with Bezos, raising questions about its future financial sustainability and project capability.