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Sierra Club finds major US banks are climate laggards, recommends steps to meet net-zero commitments

Largest US banks committed to net-zero emissions by 2050, not yet on track to make it happen

A new report released today, Leaders or Laggards: Analyzing major US banks’ net-zero commitments, from the Sierra Club finds that all six major US banks — JPMorgan Chase, Bank of America, Citi, Wells Fargo, Goldman Sachs, and Morgan Stanley — are falling short in implementing best practices for interim emissions targets, exclusion policies, and disclosures to demonstrate alignment…

2024-10-09 | Sierra Club

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Sierra Club finds major US banks are climate laggards, recommends steps to meet net-zero commitments

Largest US banks committed to net-zero emissions by 2050, not yet on track to make it happen

2024-10-09 | Sierra Club

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New Net-Zero Banking Alliance report shows no progress towards reaching net zero

In its latest so-called “progress” report, the NZBA leaves substantial information regarding net-zero alignment out and only focuses on target-related outputs.

BankTrack blog

2024-10-08 | Nijmegen | BankTrack

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Energy supply financing ratios: the next milestone in banks’ climate strategy

The energy supply financing ratio is a key indicator that synthesizes two major challenges in limiting global warming to 1.5°C: the phase-out of fossil fuels and the development of sustainable alternatives.

Partner blog

2024-10-07 | Reclaim Finance

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UN experts warn banking sector’s Equator Principles on lack of accountability

Bank initiative responds saying it “considers its obligations are met” despite clear UN concerns

2024-10-04 | Nijmegen | BankTrack

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Activists across the globe call on banks and investors to stop financing TotalEnergies

2024-10-02 | New York/Frankfurt/Paris | 350.org US, Justiça Ambiental (JA!)/Friends of the Earth Mozambique, Liveable Arlington

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Meat giant, JBS, guts human rights commitments and sidesteps climate scrutiny in bid for NYSE listing

Thirty eight investors and NGOs urge shareholders to suspend investment in JBS as SEC application delays continue

2024-10-02 | New York | Global Witness, Mighty Earth

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European banks risk legal onslaught, reputational damage by backing controversial EACOP project

StopEACOP coalition warns of imminent litigation and formal complaints against seven unnamed European banks considering financing the destructive and controversial pipeline

2024-09-30 | #StopEACOP

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Global protests call on major banks to stop financing coal miner Adaro

2024-09-30 | Jakarta | BankTrack, Eko, Market Forces

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TotalEnergies and financial markets: Financial institutions engaged for decades of pollution

2024-09-30 | Reclaim Finance

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Take action

Israel-Hamas conflict one year on: Banks must avoid complicity in human rights violations
Read BankTrack's statement and support the call for a #CeasefireNow

Tell Citi to stop funding environmental racism
A new StandEarth report reveals links between Citi's financing and pollution in Black, Indigenous, and brown communities in Texas and Louisiana. 

105 organizations demand banks stop financing industrial livestock production that fuels the climate crisis
Use this social media kit to share messages, graphics and video in support of this campaign

Target Dodgy Deals

CoreCivic

United States | company

Ternium

Luxembourg | company

East African Crude Oil Pipeline (EACOP)

Uganda | project

Adaro Energy

Indonesia | company

GEO Group

United States | company

ArcelorMittal

Luxembourg | company

Simandou Iron Ore Project

Guinea | project

Adani Group

India | company

All Dodgy Deals

Focus banks

Citi

United States

The lives and health of families in Texas and Louisiana are being directly impacted by Citi’s funding of nearby LNG projects, a new report from Fossil Free Citi campaign shows.

Deutsche Bank

Germany

Following actions in Frankfurt and the delivery of a petition signed by more than 58,000 individuals, Deutsche Bank confirmed in September that it is not planning to refinance coal miner Adaro's bond issuance.

Barclays

United Kingdom

A recent Global Witness report finds that Barclays earned $1.7 billion from financing JBS, a company tied to Indigenous land invasion.

ING

Netherlands

ING recently strengthened its climate commitments, further restricting finance for oil and gas, particularly pure-play companies and new LNG export terminals, although scope remains for financing oil majors. See BankTrack's reaction here.

All banks

Campaigns and projects

Banks and Climate

Banks and Human Rights

Banks and Nature

Banks and Pandemics

All campaigns and projects

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    The BankTrack Human Rights Benchmark Latin America 

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