Wells Fargo will pay $1 billion in fines for violating federal rules and unfairly charging consumers inappropriate fees as part of its mortgage lending operation, according to a settlement the company reached with federal regulators.
Meanwhile, the San Francisco-based bank said Thursday that it plans to put $200 billion toward investment in, and finance of, companies and projects involved with clean technologies, renewable energy, green bonds and alternative transportation, by 2030.More
On April 19, 2018 WBCSD released a new in-depth guide for policymakers on carbon pricing.
It aims to spur discussions between policymakers and business leaders on how best to implement a carbon price to encourage low-carbon innovation and investment, while creating a level playing field for meeting the 2°C objective.
WBCSD see carbon pricing as one of the most efficient means of driving the transition to a low-carbon world – learn more today.More
The Global Risks Report 2018 is published at a time of encouraging headline global growth.
Any breathing space this offers to leaders should not be squandered: the urgency of facing up to systemic challenges has intensified over the past year amid proliferating signs of uncertainty, instability and fragility.
This year’s report covers more risks than ever, but focuses in particular on four key areas: environmental degradation, cybersecurity breaches, economic strains and geopolitical tensions. And in a new series called “Future Shocks” the report cautions against complacency and highlights the need to prepare for sudden and dramatic disruptions.
Bank announces in Paris it ‘will no longer finance upstream oil and gas’ after 2019 in response to threat posed by climate change.
The World Bank will end its financial support for oil and gas extraction within the next two years in response to the growing threat posed by climate change.More
Low Carbon Technology Partnership Initiative (LCTPi) is a unique, action-oriented program that brings together companies and partners to accelerate the development and deployment of low-carbon technology solutions to stay below the 2°C ceiling.More
Ten companies, including Philips Lighting, plan to implement voluntary guidelines in full in accordance with the Task Force on Climate-Related Financial Disclosures.More
What makes science-based targets different from other emissions-reduction targets? The short answer is that they align with the aggressive emissions reduction pathways outlined by the Intergovernmental Panel on Climate Change.More
“What we are witnessing is the birth of a new era in solar PV,” CEO Birol at IEA said. According to the IEA’s report on Wednesday, renewables accounted for nearly two-thirds of net new power capacity in 2016.
Chocolate giant Mars announced its $1 billion ‘Sustainability in a Generation’ climate change plan
Mars announced the roll out of a $1 billion investment to help cut greenhouse gas emissions across its value chain by 67% by 2050.More
Approximately 375,000 electric vehicles were manufactured by Chinese OEMs in 2016, an impressive 43 percent of the production worldwide.
Read more at McKinsey’s homepage here.