LSE: 85 per cent of banks are open to financing new coal projects

Cecilia Keating
clock • 3 min read
LSE: 85 per cent of banks are open to financing new coal projects

Transition Pathway Initiative Centre warns banks are failing to enact robust met zero strategies that align with climate targets

Banks are failing to introduce policies that tackle the financing of deforestation and fossil fuel production, with some 85 per cent of leading banks still open to financing coal projects. That is according...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech development
  • Tap into our extensive archive of exclusive articles, news, analysis and guide
  • Access to our new BusinessGreen intelligence service, providing you with
  • > Exclusive in-depth case studies
  • > Policy briefings, white papers and reports on market trends that are shaping the direction of the net zero transition
  • Our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Online and interactive meetings with BusinessGreen’s editors to discuss the crucial stories and trends from the past month

Choose the membership package that's right for you and your organisation, via our 3 membership levels.

Join now

 

Already a BusinessGreen member?

Login

More on Investment

People's Pension 'prioritises sustainability' as it pulls £28bn from State Street

People's Pension 'prioritises sustainability' as it pulls £28bn from State Street

UK's largest private sector workplace pension scheme appoints Amundi and Invesco to manage investments 'with a focus on responsible investment'

Michael Holder
clock 03 March 2025 • 5 min read
Trustee Sustainability Working Group sets out key climate actions for pension schemes

Trustee Sustainability Working Group sets out key climate actions for pension schemes

Guidance aims to make trustee action 'as effective as possible' in 2025

Jonathan Stapleton, Professional Pensions
clock 28 February 2025 • 5 min read
S&P: Sustainable bond issuance expected to top $1tr in 2025

S&P: Sustainable bond issuance expected to top $1tr in 2025

Latest figures from S&P expect global green bond market to remain solid in 2025, with total issuances for sustainability-related bonds likely to clear $1tr

clock 28 February 2025 • 4 min read