ESG in Banking
Weekly Global News Wrap: Piraeus buys 90% of Ethniki Insurance; BBVA SA seeks double CIB revenue
Weekly Global News Wrap: Piraeus buys 90% of Ethniki Insurance; BBVA SA seeks double CIB revenue
And the world’s leading climate coalition seeks new members as it overhauls rules
Sumitomo Mitsui unveil Grantee Introduction Services
Customers will be connected to entities and institutions that support education.
Chinabank’s head office now powered by renewable energy
The shift to RE in two facilities reduces the bank’s indirect GG emissions by almost 20%
Banks urged to expand focus to transition finance for zero-carbon future
Up to a US$17t annual funding gap exists.
Siam Commercial Bank offers 0% interest solar panel installation packages
The package includes solar panels, inverter equipment, and installation.
Maybank rolls out green financial advisory service to SEA SMEs
Small and medium enterprises will receive funding to aid in their sustainability reporting.
Hong Kong unveils sustainable finance action agenda
Banks are required to achieve net zero in their operations by 2030.
ING disbursed $35.37b in sustainable finance in Q2
EMEA represents a bulk of ING's sustainable finance activities.
CIMB launches green loan for SMEs
They can receive rebates of up to 0.4% depending on their targets.
StanChart rolls out ESG-linked cash account in Hong Kong, SG
Clients are rewarded when they meet ESG-related targets.
Japan’s Norinchukin Bank has hit 60% of its sustainable finance target
The bank also participated in 7 sustainability committee meetings in FY2023.
CIMB sets out 2030 climate targets for O&G and property portfolios
The bank will stop financing new upstream oil fields beginning January 2025.
China Citic Bank’s green finance moves require more finesse
It aligns with international frameworks, but some have indirect ties to fossil fuels.
Thailand’s SCB, SCG offers green loans for net zero buildings
The loan will help entrepreneurs transition their buildings to net zero structures.
Greenwashing in banking: real concern or overblown issue?
Reputational risks abound for those who drag their feet about sustainability or engage in greenwashing.
HSBC’s records $12.9b pre-tax profit for H1
This is $12.9b higher compared to the first six months of 2022.
Mastercard to remove first-use PVC plastics from payment cards by 2028
It will instead use recycled or bio-sourced plastics, the payments company said.
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