Tag: COP26

No less than 115 investment companies and asset managers have signed the letter – together they represent $4.2 trillion of assets. They’ve targeted banks across Europe, North America and Asia, including HSBC, Barclays, Credit Suisse, JP Morgan, Royal Bank of Canada, and MUFG.

A new banking alliance has been established, claiming to set ambitious targets in addressing the climate crisis. Sounds great, right? Yet the Net-Zero Banking Alliance is sadly a wasted opportunity that does nothing to bring big banks closer to ending fossil fuel funding.