✉news BusinessBanking first seen 18 h ago, last 24 min ago, peak #3
Global banks continue climate retreat, study warns
A new study finds that major global banks are continuing to scale back their climate commitments, retreating from pledges and financing targets aimed at supporting the transition to a low-carbon economy. The report warns this pullback could slow climate action at a critical time, and environmental finance observers are highlighting the gap between banks' earlier promises and their current behaviour.
Why now: Fresh research documenting banks' ongoing withdrawal from climate finance commitments is drawing attention amid wider debates over corporate climate pledges.
global banksGreen Central Banking
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- Global banks continue climate retreat, study warns · Green Central Banking
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