archiveJune 9, 2023

The European Banking Authority has warned of widespread greenwashing in financial services with banks overstating sustainability efforts. As the race to net zero accelerates, the greenwashing in banks’ climate credentials is leading to calls for greater accountability for FS firms’ environmental policies. Steve Round, co-founder of SaaScada, argues that banks can no longer cherry-pick their sustainability credentials – they must build the foundations for comprehensive ESG reporting. Round is an expert in sustainable banking as the Chair of the Governing Board Forum of the Global Alliance for Banking on Values – a network...

Carbon dioxide levels are now more than 50 per cent higher than they were before the onset of the industrial era, scientists say. Carbon dioxide levels measured at NOAA’s Mauna Loa Atmospheric Baseline Observatory peaked at 424 parts per million in May, continuing a steady climb further into territory not seen for millions of years, say scientists from NOAA and Scripps Institution of Oceanography at the University of California San Diego.  Measurements of carbon dioxide (CO2) obtained by NOAA’s Global Monitoring Laboratory averaged 424.0 parts per million (ppm) in May, the month when...