The banking giant amended its energy policy in February, following negotiations with campaigning group ShareAction and Barclays shareholders.
Barclays to stop directly financing clients’ new oil and gas projects
Barclays has pledged to stop directly financing energy clients’ new oil and gas projects.
Fury from opposition and NGOs following King’s Speech
At the King’s Speech the government announced new legislation to allow the North Sea Transition Authority (NSTA) to invite applications for new oil and gas licences on an annual basis.
Over 20 NGOs call on the EU to prioritise sustainable finance
A group of over 20 NGOs, led by Banktrack and ShareAction has published a manifesto calling on EU policymakers to make sustainable finance a top priority for the 2024-2029 agenda.
Europe’s largest banks have helped fossil fuel companies raise nearly £900bn
Europe’s largest banks have helped fossil fuel companies raise nearly £900 billion from the global bond markets since the Paris climate agreement.
Natwest joins Bankers for Net Zero
Natwest is the latest bank to join the Bankers for Net Zero coalition, which was launched in 2019 to look at risks and help facilitate the financial transition towards net zero.
ISSB urged by global investors to focus on human rights
The ISSB (International Sustainability Standards Board) has been urged to prioritise human rights in a letter from the NGO ShareAction and global investors.
Almost 40% of UK customers would change banks over fossil fuel investments
Almost one in four customers (38%) would be likely to change banks if they found their bank was investing in fossil fuels, according to ShareAction.