Tag: Standard Chartered

Six Global Financial Institutions Chart a Flight Path to Decarbonizing Aviation

Stuart Mitchell

Six top lenders to the aviation sector — Bank of America, BNP Paribas, Citi, Crédit Agricole CIB, Societe Generale and Standard Chartered — have announced that they will partner with RMI’s Center for Climate-Aligned Finance to help decarbonize the aviation sector through the formation of the Aviation Climate-Aligned Finance Working Group. The Working Group aspires to create a collective climate-aligned finance (CAF) framework that defines common goals for action for aviation sector decarbonization. The CAF framework is a commitment by participating financial institutions to annually assess and disclose, consistent with…

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Standard Chartered announces interim targets and methodology for pathway to net zero by 2050

Stuart Mitchell

Standard Chartered has announced ambitious new targets to reach net-zero carbon emissions from its financed activity by 2050, including interim 2030 targets for the most carbon-intensive sectors. The Group’s approach is based on the best data currently available and aligns to the International Energy Agency’s Net Zero Emissions by 2050 scenario (NZE). Whilst 33 of our 59 footprint markets do not at present have a commitment to reach net zero by 2050, we are setting out our plan for this timeline, recognising the pivotal role we can play in the…

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Nature-based solutions can mitigate climate change effects on agricultural sector, but market imperfections persist

Stuart Mitchell

Nature-based solutions can play a crucial role in limiting the impact of climate change on the agricultural sector, which faces increasing pressures in both adaptation to and mitigation of climate change, according to a report by the Centre for Climate Finance & Investment (CCFI) at Imperial College Business School in partnership with Standard Chartered. The analysis is the second of a two-part report exploring the risks and opportunities facing the global agricultural sector from climate change. The authors warn that poorly designed solutions could create adverse effects such as increasing…

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