Largest banks not “walking their talk” on climate
Our new study finds that the world’s largest financial groups need to step up on climate with their lobbying, lending, asset management and short term targets. Lots of talk of 2050; very little action.
And here’s a note from Hans Stegeman about that study:
Who is fooling who? 29 out of 30 largest financial instutions have committed to net zero by 2050 but:
– only 37% has short term targets, and
– 0% has fossil fuel financing policies in line with IEA/IPCC net zero scenarios.
Even worse, they are member of industry groups lobbying against climate policy.