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US banks lament data gaps in first Fed climate scenario analysis

The Federal Reserve's first climate scenario analysis of the country's six largest banks exposed widespread data gaps that threaten to undermine the accurate assessment of climate-related risks.

IIGCC to step up pressure on banks to demonstrate action on net zero

A group representing investors with €65 trillion ($70 trillion) in assets under management has published a set of expectations for banks, as they push for more details on how banks will act on pledges to achieve net zero emissions.

Six US banks to pilot Fed-led climate scenario analysis

The US Federal Reserve has revealed that six of the largest US banks are to participate in a pilot exercise to study their ability to manage climate-related financial risks, in a significant development for the financial stability supervision framework in the world's largest economy.

Citi launches Asia-Pacific sustainability deposits

Citi appoints new sustainable debt director

People moves, 21 January: Citi, HSBC, Mirova, Ninety One, and more

Citi lays out initial net zero plan

US banking giant Citigroup has laid out its initial net zero plan, including 2030 emissions targets for its energy and power loan portfolios.

Investor group urges banks to set enhanced net zero targets

Winners revealed in Environmental Finance's Bond Awards 2021

Citi's $200m impact fund invests in seven companies

US bank Citi has invested in seven companies via its $200 million impact fund, including in those focusing on the areas of technology, transportation and education.