The banks have formed the Steel Climate-Aligned Finance Working Group (the Working Group), facilitated by RMI’s Center for Climate-Aligned Finance, with the goal of crafting an industry-backed agreement before the United Nations Climate Change Conference in November 2021 (COP26). A climate-aligned finance agreement establishes a framework for assessing and disclosing the degree to which the greenhouse gas emissions associated with a financial institution’s portfolio are in line with 1.5☌ climate targets. Several top lenders to the steel sector-Citi, Goldman Sachs, ING, Societe Generale, Standard Chartered, and UniCredit-have come together to define common standards of action for steel sector decarbonization through a collective climate-aligned finance agreement. Leading lenders to the global steel industry-Citi, Goldman Sachs, ING, Societe Generale, Standard Chartered, and UniCredit-are working together to develop a climate-aligned finance agreement to support steel sector decarbonization. Six Global Banks Come Together to Decarbonize Steel
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |