Banking & Financial Services News | ESG & Sustainability

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.

NatureFinance Launches NatureAlign Tool to Help Financial Institutions Assess Nature Impact

NatureFinance has introduced NatureAlign, a free tool enabling banks and investors to assess their portfolios for nature-positive impact. The tool aligns with key global frameworks like the Biodiversity Plan and TNFD.

Germany Teams Up with Deutsche Bank and DZ Bank for Green Bond Framework Update

Germany strengthens its sustainable finance initiatives by appointing Deutsche Bank and DZ BANK to update its Green Bond Framework, enhancing its "Twin Bonds" model and commitment to environmental goals.

Tata Power Renewable Energy and IndusInd Bank Launch Collateral-Free Solar Financing for MSEs

Tata Power Renewable Energy and IndusInd Bank Launch Collateral-Free Solar Financing for MSEs

NextGen CDR Expands Operations with Carbon Credit Purchase from Alt Carbon in India

NextGen CDR has signed a deal to purchase carbon credits from Alt Carbon's project in India, marking its first operation outside Europe and the U.S. The initiative aims to enhance carbon sequestration.