The bank will deliver a net-zero carbon pathway that meets international standards, can be independently validated, and only offsets carbon as the last resort.
Of the 563 respondents, 20% said they were “confident”, 10% said they were “neutral”, with 70% declaring they were “not confident”.
Total sustainable debt issuance in 2020 was $732 billion, with social and sustainability bonds enjoying spectacular growth, and green bonds seeing a late-year surge
Changes in the international regulatory landscape, paired with the Covid-19 pandemic, have accelerated investors’ interest in sustainable investments
The group is thought to be urging HSBC to reduce its exposure to fossil fuels, in particular coal, in line with the 2016 Paris agreement, which aims to limit global warming to 1.5C.
Given that CCS is a relatively immature technology, it would put a lot of pressure on the waste sector to quickly, and fully, embrace CCS should the government support the CCC’s recommendations in this respect.
BlackRock’s researchers found that survey respondents plan to double their environmental, social and governance assets under management by 2025, with growth in sustainable assets being most pronounced in the UK and Europe.