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Global financial institutions undermine net-zero targets

Bron: The Actuary - 30 maart 2022

The world’s biggest 30 financial institutions are undermining the drive to net zero by funding fossil fuel production and lobbying to weaken sustainable finance policy, according to latest research.

The world’s biggest 30 financial institutions are undermining the drive to net zero by funding fossil fuel production and lobbying to weaken sustainable finance policy, according to latest research.

Climate think tank InfluenceMap’s analysis Finance and Climate Change: A Comprehensive Climate Assessment of the World’s Largest Financial Institutions accuses the finance sector of enabling at least US$740bn of funding for fossil fuel production during the past two years. The institutions include 27 with banking arms, 25 with asset management businesses and two global insurers.

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