World Bank welcomes China's new bank as means to fight poverty
Jim Yong Kim endorses rival development bank AIIB, saying new initiative could help end extreme poverty if it ensures high standards for projects The World Bank plans to work together with the Chinese-led
View ArticleChinese Researchers Float ‘Green Bank’ Plan as Pollution Mounts
Researchers affiliated with China’s central bank have proposed creating a China Ecological Development Bank with at least 100 billion yuan ($16 billion) in capital as part of a broad plan to boost “green
View ArticleChinese banks must cut coal lending, shift to cleaner businesses: study
China needs to cut lending to coal-related industries and shift more financing to cleaner businesses in order to address a huge funding gap that is hindering the country's war on pollution, a study drawn
View ArticleChinese banks must cut coal lending, shift to cleaner businesses: study
China needs to cut lending to coal-related industries and shift more financing to cleaner businesses in order to address a huge funding gap that is hindering the country's war on pollution, a study drawn
View ArticleFinancial stability report 2015
Strong macroeconomic fundamentals offer India a “reasonable degree of resilience” to fight uncertainties, but poor asset quality of banks and managing expectations are key challenges for regulators and
View ArticleStandard Chartered joins pact to prevent forest destruction
Standard Chartered bank has put palm oil and soy companies on notice that it will soon stop dealing with businesses whose operations drive the widespread destruction of tropical forests. The lender
View ArticleMajority of banks fail to encourage sustainable forestry, UN finds
The majority of financial institutions do not have policies requiring clients to comply with forestry regulations, according to a study by the United Nations Environment Programme (UNEP) revealed today
View ArticleTanzania: Launch of Agricultural Bank a Farmers' Lifesaver
President Jakaya Kikwete on Friday launched Tanzania's first ever national bank for agricultural development with a view to bring a focused approach to financing farmers. The Tanzania Agricultural...
View ArticleStandard Chartered quits controversial Carmichael coalmine in Queensland
Involvement with the mine, which critics say threatens endangered species, was exposing the London-based bank to reputational damage Standard Chartered bank is pulling out of a vast coalmining project
View ArticleHSBC injects $1bn into green bond portfolio
HSBC has become the latest bank to ramp up its commitment to sustainable business with the launch of a new $1bn green bond portfolio that will be used to fund projects in the renewable energy sector.
View ArticleChinese Banks Raise $3.5 Billion In Green Bond Issues
The opinion of some that the balance of the global green bonds market is set to shift towards the developing and emerging markets has received a huge boost with two Chinese banks raising billions in fresh
View ArticleGreen investment bank 'no longer required by law to invest in green...
The £3.8bn green investment bank was set up in 2012 to ‘accelerate the UK’s transition to a greener, stronger economy’. The bank set up by the government to to fund green infrastructure and cited...
View ArticleClimate change: why financial institutions should take note
The world’s insurers, banks and pension funds are "inherently susceptible" to threats from climate change and must make adjustments, from shifting investment toward environmentally friendly industries
View ArticleNigeria: Banks Turn to Renewable Energy to Cut Cost
In a bid to cut the increasing cost of running their branches across the country, many Deposit Money Banks (DMBs) are now opting for renewable energy. LEADERSHIP gathered that the new strategy by the
View ArticleISME and YES Bank launch first of its kind CSR and Sustainable Development...
A ‘first of its kind’ initiative which will help to enable more emphasis on Sustainable Development and Corporate Social Responsibility (CSR) programs through a curriculum Course to benefit more than
View ArticleToo few banks in Asia Pacific looking at climate change risk
Asia Pacific’s financial institutions have begun to factor climate risks and opportunities into their activities, but they have a long way to go before they can fully unlock the multi-trillion dollar...
View ArticleBanks pump billions into deforestation-linked firms in Southeast Asia- study
Banks have financed companies responsible for rainforest destruction in Southeast Asia to the tune of billions of dollars, a study showed Tuesday, and called on lenders to stop "fuelling forest crime".
View ArticleAdani coalmine 'covertly funded' by World Bank, says report
Adani’s Carmichael mine has been “covertly funded” by the World Bank through a private arm that is supposed to back “sustainable development”, according to a US-based human rights organisation. Adani
View ArticleOver 5.6 million benefit from AfDB’s agric intervention plan
Efforts by the African Development Bank (AfDB) to upgrade Africa’s agriculture sector is yielding good results with about 5.6 million people benefiting from the bank’s interventions in the past one year.
View ArticleGlobal Financial Development Report 2017/2018: bankers without borders
Countries that are open to international banking can benefit from global flows of funds, knowledge, and opportunity, but the regulatory challenges are complex and, at times, daunting says this new...
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