Showing 1 - 7 of 7
Inhaler shame
Oped, Postbag, Published on 05/11/2025
» Re: "Inhaler fuss 'a lesson'", (Opinion, Nov 3).
Energy strategy pivot wins 'overwhelming support'
News, Published on 21/04/2025
» Most banks in the industry's biggest climate alliance endorsed a proposal that will refocus the group on providing financial support for the energy transition and also hold signatories to a less stringent standard for reducing the emissions enabled by their lending.
Why banks keep lowering their climate targets
News, Published on 12/03/2025
» When Morgan Stanley moved the goalposts back on its climate targets in October, members of the industry's biggest climate alliance were caught off guard.
Transition-finance for a green economy
Oped, Sarinee Achavanuntakul, Published on 05/03/2025
» For those who advocate for more timely and meaningful climate finance commensurate with the increasingly cataclysmic impact of climate change, the year 2025 seems to begin on a rocky start. Early last month, 11 large US and Canadian banks exited the Net Zero Banking Alliance (NZBA), the UN-backed coalition of banks that claim their dedication to advancing global net zero goals through financing activities.
Role of banks in climate change future
Oped, Sarinee Achavanuntakul, Published on 22/01/2025
» On Jan 10, the World Meteorological Organization (WMO) announced that 2024 was the warmest year on record, likely the first year with a global mean temperature of more than 1C above the 1850-1900 average. Despite the alarming fact, the year 2025 is not off to a good start. The same week that WMO made that ominous announcement, JP Morgan became the sixth and latest bank in the United States to withdraw from the UN-backed Net Zero Banking Alliance (NZBA), following the earlier exits of Citigroup, Bank of America, Morgan Stanley, Wells Fargo, and Goldman Sachs -- all of which left since the start of last month.
Pushing banks towards green finance
News, Sarinee Achavanuntakul, Published on 02/10/2024
» In an earlier article in this space, I mentioned that "the Bank of Thailand should integrate [Thailand] taxonomy into its reporting and disclosure regulations for the financial sector, as the EU has done, because the public scrutiny of activities in the banking sector can and should be part of the learning process on the journey towards greener finance".
Southeast Asian banks must stop funding coal
Oped, Published on 11/04/2024
» Indonesia is by far a major top producer of dangerous climate emissions -- more than any country in the Southeast Asian region, mainly due to its burning of coal. The country is also feeling the full force of worsening climate disasters, from floods and storms to deadly landslides. My hometown, Jakarta, is sinking -- and this is compounded by regular catastrophic flooding and air pollution that disrupts millions of lives. Indonesia faces huge risks as it currently sits as the second most disaster-prone country in the world, according to the World Risk Report 2023.