Investor alliance calls for banks to cease fossil fuel financing

‘Talking the talk must be replaced with walking the walk’

James Baxter-Derrington
clock • 2 min read
The IIGCC warned that banks must not rely on unproven negative emissions technologies
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The IIGCC warned that banks must not rely on unproven negative emissions technologies

An investor alliance representing $11trn of assets under management (AUM) has called on the world’s largest banks to align their financing with net zero targets.

The Institutional Investors Group on Climate Change (IIGCC) has developed a set of investors expectations for the banking sector to enhance its 2050 net zero efforts, scale up green finance and withdraw...

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