BNP Paribas Sued over Fossil Fuel Financing
A group of French NGOs, including Friends of the Earth (Les Amis de la Terre) France, Notre Affaire à Tous and Oxfam France announced today that they have launched a lawsuit against Paris-based global bank BNP Paribas, targeting the bank’s financing for new oil and gas projects. Read more
HSBC Unveils Financed Emission Reduction Targets for Cement, Steel, Automotive & Aviation Sectors
HSBC announced a new series of targets aimed at reducing the bank’s financed emissions in some of the heaviest-emitting sectors in its financing portfolio, including cement, iron, steel & aluminum, automotive and aviation. The company is planning to publish a bank-wide net zero transition plan later this year, outlining how it intends to embed its interim and long-term climate targets into its strategy, processes, and policies. Read more
ESG reporting by Indian cos improved significantly post Sebi push: Report
According to Care Edge Research Environmental, Social, and Governance (ESG) reporting by Indian corporates has improved significantly since 2020, as a result of markets regulator Securities and Exchange Board of India’s push for ESG disclosures. The number of companies putting up ESG data, have increased from a meagre 127 in fiscal 2020 to 330 in fiscal 2022 Read more
