Reported about 22 hours ago
Standard Chartered has announced its commitment to cut emissions related to the bonds it issues for oil and gas companies by 26.9% by 2030, alongside its net-zero strategy. The bank, which reported an 18% profit increase and a $1.5 billion share buyback, remains focused on helping clients transition to net-zero despite recent setbacks in the financial industry's climate commitments. Standard Chartered's sustainable finance sector generated nearly $1 billion in revenue last year, as it supports fossil fuel funding while also working on its first transition plan.
Source: YAHOO