A recent report highlights the disconnect between American banks’ climate commitments and their financing practices. The report reveals that 58 US banks have been financing meat, dairy, and feed corporations, contributing to over 24 million metric tonnes of CO2 emissions. Despite commitments to net zero by 2050, these banks are accused of ignoring the environmental impact of their financing choices. With a call to eliminate such financing, the report emphasizes the need for transparency in GHG disclosures and urges financial institutions to align their practices with climate goals. Fore more information, click here! #ClimateAction #Sustainability #BankingEthics
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Disconnect Between American Banks’ Climate Commitments and Finance Practices
April 4, 2024
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