Legal commentators warn banks that greenwash or whose actions appear not to meet due diligence laws are almost certain to face similar legal action.

The current system of ESG ratings that funds rely on to comply with the Sustainable Finance Disclosure Regulation is only leading to greenwashing.

A report exploring the sustainability progress of 30 European and North American banks shows a need for renewed focus on strategy and risk management.

Many have high hopes for presumptive World Bank head Ajay Banga. 

Do banks need a climate transition plan?

Your quick guide to the week ending March 3, 2023, on TheBanker.com.

Three non-profits are suing BNP Paribas for taking insufficient action to end fossil fuel financing, though the bank insists its strategy of reducing oil and gas exposure is ‘largely on track’.

Of 500 organisations surveyed who are “most exposed to deforestation risk in their supply chains and investments”, 40% have not set a single policy on deforestation.

Environmental, social and governance criteria are three separate goals that do not necessarily go hand-in-hand, says a Commerzbank white paper. 

While conservation urgently needs investment, creating nature-related financial markets holds its own challenges and cannot be seen as a panacea.