Breaking news – Sustainable Finance - March 2024

What’s new in sustainable finance?

Every week, Carbon4 Finance shares the latest headlines in sustainable finance.

An analysis by Climate Action 100+ shows top oil and gas firms' inadequate climate disclosures hinder investor engagement, with just 19% meeting sector-specific metrics, revealing insufficient transition plans and lack of critical details like carbon capture, posing challenges for CA100+ in its next phase, despite some companies showing progress.

Projected $25 trillion annual losses by 2060 and an imminent economic crisis: A new Nature study warns of unprecedented financial turmoil due to escalating heatwaves, analyzing their impact on global supply chains. With scenarios ranging from +1.5°C to +7°C, potential losses and mortality rates vary drastically but still with high figures each.

Members of the Net-Zero Banking Alliance (NZBA) have chosen to update and reinforce their climate commitments by voting to adopt a new version of the Guidelines for Climate Target Setting for Banks.

The poll