Banking & Financial Services News | ESG & Sustainability | OneStop ESG

Tokyo Launches Carbon Credit Trading Platform with Gold Standard to Drive Corporate Decarbonization

Tokyo has launched a new carbon credit trading platform featuring Gold Standard-certified credits, making it easier for businesses to achieve sustainability goals. The initiative includes training programs to guide corporate climate strategies.

Major Banks Scale Back Public DEI Commitments

Major banks, including JPMorgan and Goldman Sachs, are scaling back public DEI commitments amid political scrutiny and cost concerns, signaling a shift in corporate social responsibility strategies.

Indonesia Secures $53 Million IFC Green Loan to Decarbonize Retail Properties

Indonesia receives a $53M green loan from IFC to cut emissions in retail properties, targeting a 42% reduction for older buildings by 2030.

Canadian Banks Exit Net-Zero Banking Alliance Amid North American Trend

Canada’s top banks exit the Net-Zero Banking Alliance, citing evolved strategies and political pressures, while pledging to continue advancing sustainability independently.

EBA Issues Final Guidelines for Banks on ESG Risk Management

The EBA has released ESG risk management guidelines for banks, detailing requirements to address ESG risks, improve resilience, and integrate sustainability into risk frameworks starting in 2026.

U.S. Finalizes Clean Hydrogen Tax Credit Rules to Drive Industry Growth

These new regulations establish clear emissions criteria, refine incentive structures, and incorporate extensive feedback from stakeholders, solidifying the U.S. as a leader in clean hydrogen innovation.

U.S. Banks Exit Net-Zero Banking Alliance Amid Political and Legal Pressures

Several U.S. banks, including Morgan Stanley, Citi, and Bank of America, exit the Net-Zero Banking Alliance, citing political pressures, legal concerns, and a commitment to independent decarbonization goals.

APAC Banks Lead Net-Zero Goals Amid ESG Revolution

APAC banks are advancing net-zero goals with 52% committed, but only 8% meet SBTi standards. Biodiversity and scenario analysis adoption lag, yet regulatory shifts promise a sustainable future

Wells Fargo Withdraws from Net-Zero Banking Alliance Amid Political Pressures

Wells Fargo exits the Net-Zero Banking Alliance, citing political pressure but maintains its net-zero goals. This move underscores the challenges financial institutions face in advancing sustainability

German Bank KfW Unveils €10 Billion Green Bond Plan for 2025

Goldman Sachs Exits Net-Zero Banking Alliance, Maintains Climate Commitments

Global Development Banks Pledge $120 Billion for Climate Action by 2030 at COP29

Development banks pledged $120 billion annually by 2030 for climate finance at COP29, with $42 billion for adaptation. Private sector support will contribute $65 billion for further impact.