BankTrack News
21 ethical banks pledge to stay away form coal & 9 coal banks take first steps
2015 |
BankTrack
2015 |
BankTrack
BankTrack launched the Paris Pledge campaign in the summer of 2015, calling on all banks to end coal financing ahead of the crucial Paris climate summit in December that year. By the time of the summit, 169 organisations and more than 10,000 individuals around the world had supported the pledge, all sending one simple message to banks: It is time to quit coal. In total, 21 small and ethical banks signed up to the Paris Pledge - all reaffirming their commitment to stay away from coal financing in any shape or form. Nine international banks also took their first steps out of coal over the course of the campaign, although these fell short of the pledge needed to quit coal entirely.