SustainableBanking

Banking on Sustainability: Climate Group Reassesses Strategy After Defections

28 days ago

In a significant turn of events for the banking sector's approach to climate change, a prominent climate-focused banking coalition is now navigating turbulent waters following the departure of key members. This coalition, initially established to foster sustainable financial practices, is considering its next steps as several influential banks have chosen to withdraw. The recent shakeup raises questions about the future efficacy of such alliances in combating environmental issues.

The Federal Reserve's Stance on the Basel Climate Plan Leaves International Talks in Uncertain Territory

3 months ago

In a significant development that threatens to impact global climate finance efforts, the Federal Reserve has opted not to endorse the Basel Committee's recent climate framework. This decision has led to discussions regarding the committee's plans being pushed into a state of limbo, derailing hopes for an international consensus on climate-related banking regulations.