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43 banks from 23 countries on all continents have joined Mark Carney's Net Zero Banking Alliance, under the UNFCCC's "Race to Net Zero" campaign
A thread on the good, the bad, and the ugly of the alliance & the Net-Zero guidelines it published today 👇
unepfi.org/net-zero-banki…
A thread on the good, the bad, and the ugly of the alliance & the Net-Zero guidelines it published today 👇
unepfi.org/net-zero-banki…
Let's start with what's nowhere to be found within the Guidelines - despite being *pretty crucial* to any bank's climate strategy:
* Coal and fossil fuel phase out plans
* Biodiversity loss and deforestation
* Just Transition (although the SDGs are briefly mentioned)
* Coal and fossil fuel phase out plans
* Biodiversity loss and deforestation
* Just Transition (although the SDGs are briefly mentioned)
Not requiring robust coal phase out plans is a missed opportunity in light of:
* The UK gvt's coal agenda (@PastCoal)
* Investors' expectations for the banking sector
iigcc.org/resource/inves… shareaction.org/shareholder-ca…
* Leading banks' coal policies (it's possible to do it guys!)
* The UK gvt's coal agenda (@PastCoal)
* Investors' expectations for the banking sector
iigcc.org/resource/inves… shareaction.org/shareholder-ca…
* Leading banks' coal policies (it's possible to do it guys!)
