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‘Existential Threat’: Indigenous Leaders Urge Citigroup to Stop Backing Amazon Oil

DeSmogBlog

Indigenous leaders have called on Citigroup to stop financing oil and gas projects in the Amazon, saying the bank’s activities contradict its climate pledges by putting the threatened ecosystem at greater risk. Citigroup did not immediately respond to a request for comment. Between 2016 and 2020, Citigroup provided an estimated $43.8

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JPMorgan Chase wants to be the commercial bank for ‘green economy’ companies

GreenBiz

We have the ability to support businesses at virtually every phase of their life cycle — from raising capital in a Series A all the way to crossing the chasm [to become publicly traded] … There are so many companies that are in need of that value proposition," Lehman said. Of course, JPMorgan Chase isn’t the only big U.S.

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Goldman Sachs commits to net zero financed emissions by 2050

Business Green

US investment bank joins Citigroup, Bank of America, Morgan Stanley, and JP Morgan Chase in pledging to slash emissions from its financing activities over the coming decades. And while long-term aspirations are important, business leaders must not lose sight of what we can do in the here and now to accelerate climate transition.

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SEC rule change stifles key risk signal, disenfranchises retail investors

GreenBiz

While most proposals originate with company management, a growing investor movement uses shareholder proposals or resolutions to promote more sustainable business practices. As most people cannot attend companies’ annual meetings, corporations offer shareholders the option to cast a proxy vote by mail or electronic means.

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Virtual Event - Bloomberg Green Festival

Green Market Oracle

Climate action and sustainability are the core issues of the festival which will focus on four predominant themes: Business & Finance, Policy & Influence, Science, Data & Insights, Arts & Culture. Business & Finance Climate change poses important new risks and opportunities for business and finance leaders.

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Chamber of Commerce Lobbying on Climate Investing ‘At Odds’ With Member Stances, Says Report

DeSmogBlog

As the impacts of a changing climate rapidly intensify worldwide, the climate crisis is also hitting businesses and the financial sector where it hurts: the wallet. Chamber of Commerce , which calls itself “the world’s largest business organization” and claims to represent small businesses and major corporations alike.

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New Citi CEO commits bank to net zero financed emissions target on first day in role

Business Green

Citigroup has become the latest major investment bank to commit to net zero financed emissions, after its brand new chief executive announced plans to reduce the emissions of the bank's operations and investments to net zero by 2050.