CSO Futures Weekly

Fossil fuel presence stalls progress on Global Plastics Treaty

Plastic negotiations, COP29 outcomes and a high-profile CSO departure...

Melodie Michel

28 November 2024

People & Culture

HSBC Chief Sustainability Officer Celine Herweijer steps down

Julian Wentzel will step in as Interim Group Chief Sustainability Officer while HSBC looks for a permanent replacement.

Melodie Michel

25 November 2024

CSO Futures Weekly

HSBC, Morgan Stanley: Are banks lowering their climate ambition?

Two banks seem to move sustainability down their priorities list and one sustainability head shares what keeps her awake at night.

Melodie Michel

31 October 2024

People & Culture

HSBC CSO demoted from executive committee amid cost-cutting reshuffle

In February, the bank was advised by its board to refocus its sustainability strategy on execution.

Melodie Michel

31 October 2024

Sustainable Finance

Banks remain too open to coal and fossil fuel financing: TPI report

Banks’ climate targets are estimated to cover less than 22% of their total revenues.

Melodie Michel

09 October 2024

Sustainable Finance

Sustainable finance under scrutiny amid Barclays controversy

Overly flexible guidelines may be allowing banks to fund fossil fuel expansion under sustainability labels.

Melodie Michel

14 May 2024

Operations & Finance

Global banks under pressure to set more specific sustainable finance targets

To meet the world’s net zero targets, the ratio of green to fossil fuel financing should reach a minimum of 4:1 by 2030.

Melodie Michel

06 May 2024

Policy & Standards

Global banks set to include capital market emissions in net zero targets

The second version of the NZBA guidelines reflect improvements in financed emissions calculation methodologies and data quality.

Melodie Michel

14 March 2024

CSO Futures Weekly

CSO Futures Weekly: Crunch time for sustainability laws in Europe and the US

HSBC shakes up sustainability governance, SEC faces crucial climate rule vote and a mixed week for the EU Green Deal.

Melodie Michel

29 February 2024

Operations & Finance

HSBC puts focus on sustainability execution after board criticism

The bank was asked to “better define core areas of the group’s sustainability execution programme", including accountability and governance.

Melodie Michel

29 February 2024