banks

NZBA waters down ambition amid worsening outlook

This week the United Nations-convened Net Zero Banking Alliance (NZBA) overwhelmingly voted in favour of abandoning its commitment to “transition all…attributable GHG emissions from our lending and investment portfolios to align with pathways to net-zero by...

Macquarie’s climate credentials up in smoke

By Kyle Robertson, Senior Banks Analyst, Market Forces. Macquarie Bank has sent shockwaves around the world quietly announcing it has quit the Net Zero Banking Alliance (NZBA) this week, taking the dubious honour of being the first major Australian financial...

Adaro’s climate destruction journey

A recap of the mounting pressures and reputational risks linked with Adaro’s controversial coal activities  In 2023, Adaro published a “decarbonization journey” that supposedly would carry the company towards a green transformation. Although it has recently...