Financial and professional services Archives - Page 5 of 6 - Living Business

category="<a href="https://livingbusiness.com/category/environment/greenhouse-gas-emissions/" rel="tag">Greenhouse gas emissions</a>">Industry: Financial and professional services

HSBC to stop funding for new oil and gas fields

Published on December 20, 2022

HSBC will stop financing new oil and gas fields and will not on board new clients which are investing heavily in exploration. The bank said its move to end financing, for all and any new fields where a final investment decision was taken after 31 December 2021, is consistent with the IEA's Net‐Zero Emissions (NZE) by 2050 […]

ADGM publishes Consultation Paper on comprehensive sustainable finance regulatory framework

Published on November 11, 2022

Abu Dhabi Global Market (ADGM) today announced the publication of a Consultation Paper on a proposed comprehensive Sustainable Finance Regulatory Framework, covering rules on sustainability-orientated investment funds, managed portfolios and bonds as well as a framework on environmental disclosures by ADGM companies. The measures contained in the paper aim to enable an accelerated growth of […]

Bahrain’s NBB Group completes solar panel installation project

Published on September 25, 2022

The NBB Group, comprising of the National Bank of Bahrain (NBB) and Bahrain Islamic Bank (BisB), has completed the installation of solar energy panels across a number of its physical locations in the kingdom. The panels will generate a sustainable source of energy for NBB’s Istiqlal and Riffa Souq branches and BisB’s Arad and Hamad […]

The law firm that’s advocating for the environment

Published on August 30, 2022

UAE-based law firm Al Tamimi & Company has become one of the region’s first to successfully obtain the ISO 14001 certification after implementing an effective environmental management system. The firm, which has 17 offices in 10 countries, joined the Living Business programme to improve its sustainability profile. The programme offers corporate entities one-on-on strategic guidance […]

Qatar to generate additional $17bn by 2030 with circular economy, says IPA Qatar

Published on August 30, 2022

Doha: With proper implementation of a circular economy (CE), Qatar is set to generate an additional $17bn by 2030, corresponding to 10 percent of its GDP, as well as create an estimated 9,000-19,000 jobs by 2030, increase disposable income, and attract more greenfield foreign direct investment (FDI), according to the Investment Promotion Agency Qatar (IPA […]

BCG accelerates its climate action and sustainability commitments

Published on June 16, 2022

Boston Consulting Group (BCG), one of the world’s leading management consulting firms, today announced that they have partnered with Emirates Nature-WWF to lay a new foundation for climate action by empowering the youth in the UAE through the innovative flagship and impact-driven Leaders of Change program; a program comprising of academic and skills training, dialogues engagement, solution ideation, and […]

Germany: Deutsche Bank raided in 'greenwashing' probe

Published on June 2, 2022

Investigators carried out searches at Deutsche Bank and its subsidiary DWS as part of an investigation into investment fraud. Prosecutors in Frankfurt raided the offices of both Deutsche Bank and its asset management subsidiary DWS on Tuesday as part of an investigation into so-called "greenwashing." The searches related to allegations of financial institutions marketing investment products […]

Research suggests ESG Shariah funds to experience strong growth

Published on May 6, 2022

More than a third of leading Islamic Finance professionals expect dramatic growth in the number of investment funds combining ESG and Shariah compliance over the next two years, new research* shows. The study among professionals working across a wide range of sectors found 36% expect dramatic growth while 49% expect a slight increase in the […]

Investors launch global standard for corporate climate lobbying

Published on March 14, 2022

LONDON, March 14 (Reuters) Investors stepped up pressure on corporate climate lobbying on Monday, launching a new 14-point action plan for companies to stick to or risk having their actions put to a shareholder vote. The Global Standard on Responsible Climate Lobbying urges companies to commit to responsible climate lobbying, disclose the support given to […]

HSBC to slash financed emissions from Oil & Gas clients by 34% by 2030, 75% for Power & Utilities

Published on February 22, 2022

Global banking and financial services company HSBC announced today new financed emissions reduction targets for the carbon intensive Oil & Gas and Power & Utilities sectors, initiating the next step on its stated strategy to align its financing activities with the goals of the Paris Agreement and move to net zero by 2050. Dr Celine […]

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