ING Becomes First Global Bank with SBTi-Approved Financed Emissions Reduction Targets
ING announced that its climate targets, including goals to reduce financed emissions in client portfolios as well as in the bank’s own operations, have been validated by the Science Based Targets initiative (SBTi) as aligning with the 1.5 °C ambition of the Paris Agreement and as per SBTi, it is the first global systemically important bank to achieve the validation. (ESG Today) Read more
UN Carbon Credit System Makes History With First Project Approval But Raises Concerns
The Paris Agreement Crediting Mechanism (PACM) has officially approved its first project—a cookstove initiative in Myanmar. This marks a major milestone for the UN-backed carbon credit system, designed to ensure high-integrity offsets. But there are concerns over inflated climate benefits. Read more
