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BankTrack @banktrack.bsky.social · 1d

✅Progress? Yes. But not enough. Banks must ditch all false solutions and fund real ones — wind, solar, grids, and storage. BankTrack will keep pushing for science-based climate finance, centred on human rights and nature. #ClimateFinance #FalseSolutions #ClimateJustice

BankTrack @banktrack.bsky.social · 1d

⚠️But: Nordea still includes bioenergy (like solid biomass and biofuels) as “green” — despite serious emissions, land-use, and environmental impacts. These technologies shouldn’t be part of climate finance.

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BankTrack @banktrack.bsky.social · 1d

🚫Fossil-based hydrogen with carbon capture is a false solution. It’s polluting, inefficient, and not aligned with a just energy transition. Nordea’s move shows banks can evolve their sustainability criteria.

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BankTrack @banktrack.bsky.social · 1d

Success! 🏦 Following BankTrack’s engagement, Nordea updated its Green Funding Framework — excluding fossil hydrogen with carbon capture and storage from its definition of renewable energy. A notable move in the fight against greenwashing. ⬇️

www.banktrack.org/success/bank...

Bank Policy Scan: Nordea excludes fossil-based hydrogen with CCS from green funding

The policy change On April 3, 2025, Nordea (Finland) updated its Green Funding Framework, excluding some “false solutions” from its green finance framework. The previous version…

www.banktrack.org

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Reposted by BankTrack

Inclusive Development International @inclusivedevt.bsky.social · 2d

Inclusive Development International is now on Bluesky 👋 🦋. We look forward to connecting with you all.

Follow for resources & discussion on our work w/ frontline communities holding corporations & development finance institutions accountable for their impact on people & the planet 🌏#bizhumanrights

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BankTrack @banktrack.bsky.social · 3d

The Net Zero Banking Alliance (NZBA) has officially dissolved, but little changes — it had already lost credibility. Banks won’t align with climate goals voluntarily, regulation is now essential.
#NZBA #ClimateFinance

www.banktrack.org/article/bank...

BankTrack’s statement on the dissolution of the Net Zero Banking Alliance (NZBA)

The announcement of the immediate dissolution of the Net Zero Banking Alliance finally puts an end to its sad spiral of decline. But very little will change in practice, as the NZBA had already…

www.banktrack.org

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BankTrack @banktrack.bsky.social · 3d

With NZBA gone, the excuse is gone. Banks serious about climate must stop financing fossil fuel expansion — now. BankTrack will keep exposing climate laggards and pushing for real accountability.
#FossilFreeFinance #ClimateAction

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BankTrack @banktrack.bsky.social · 3d

The NZBA became a greenwashing tool — shifting focus to distant net-zero targets while ignoring the urgent need to immediately stop fossil fuel expansion and rapidly phase-out all fossil fuel finance.

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BankTrack @banktrack.bsky.social · 3d

Ethical and progressive banks tried to drive change from within. But fossil banking giants like JPMorgan & Citi dominated and most members kept funding new oil & gas projects — drifting further away from 1.5ºC-warming alignment.

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BankTrack @banktrack.bsky.social · 3d

Launched in 2021 with big promises, the NZBA quickly fell into decline. BankTrack and partners flagged its flaws early. Instead of fixing them, it weakened its rules to keep big fossil banks on board.

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BankTrack @banktrack.bsky.social · 3d

The Net Zero Banking Alliance (NZBA) has officially dissolved, but little changes — it had already lost credibility. Banks won’t align with climate goals voluntarily, regulation is now essential.
#NZBA #ClimateFinance

www.banktrack.org/article/bank...

BankTrack’s statement on the dissolution of the Net Zero Banking Alliance (NZBA)

The announcement of the immediate dissolution of the Net Zero Banking Alliance finally puts an end to its sad spiral of decline. But very little will change in practice, as the NZBA had already…

www.banktrack.org

1 10 16

Reposted by BankTrack

Market Forces @marketforces.org.au · 10d

The crisis that was once on the horizon is now at our doorstep. It's time for concrete action.

Together with 50 organisations around the world, we're calling on banks, insurers and financial institutions to move beyond voluntary disclosure and mandate #climate transition plans.

Headline from The Canberra Times: 'Financial sector urged to shoot higher on climate risk'. Background image shows firefighters facing a bushfire.

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Recourse @re-course.org · 9d

#TangguhLNG was financed by

export credit agencies in 🇯🇵🇩🇪

big commercial banks from 🌍🌏

and multilateral development banks: @adb.org directly; IFC & AIIB via financial intermediaries.

Now plans are afoot to expand it — a clear violation of climate commitments made by Indonesia & MDBs.

Photo of Tangguh LNG project from above, showing the coast and nearby residential buildings. White text "Expanding Tangguh LNG threatens local livelihoods and global climate goals."

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InfluenceMap @influencemap.bsky.social · 9d

🇨🇦 New Report finds Canada's Big Five banks exposed to greater transition risk than global peers because of costly domestic FF financing...

💸 In 2024 18.3% of the banks’ financing went to FF companies, more than 2x their US counterparts and 3x their European peers

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Stop the Money Pipeline @stopmoneypipeline.bsky.social · 9d

Shout out to our friends with @cwaunion.bsky.social and Committee for Better Banks for doing this important organizing.

When workers get organized, we all win.

You can learn more here: betterbanks.org

Wells Fargo workers push to bring a union to the banking industry | NationofChange

CWA launched the Committee for Better Banks a decade ago, with the goals of organizing bank workers and empowering them to assist regulators’ efforts to monitor the finance industry.

www.nationofchange.org

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Rainforest Action Network @ran.org · 8d

Banks lowered their project-level financing – making it appear that they were divesting from oil and gas – while continuing to finance fossil fuels at the corporate level.

The truth still stands: $869 BILLION was poured into fossil fuels in 2024 alone.
#BankingOnClimateChaos
https://bit.ly/4nVSPHr

Major banks under fire as report reveals harmful practices: 'Textbook case of greenwashing'

The annual Banking on Climate Chaos report found that the world's 65 biggest banks have contributed $7.9 trillion to fossil fuel businesses since 2016.

www.thecooldown.com

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Market Forces @marketforces.org.au · 7d

Right now, major international banks like DBS, OCBC, UOB, CIMB and Maybank are funding Harita — a company building new coal power plants to produce nickel for a clean energy transition.

You read that right: New coal plants. To ‘support’ the energy transition.

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InfluenceMap @influencemap.bsky.social · 7d

"InfluenceMap found Canada’s big five banks (RBC, TD, BMO, CIBC and Scotiabank) provided US$131 bn to fossil fuel companies in 2024, on average representing 18% of their entire financing portfolios. That’s more than twice than the top US banks, & more than three times their top European peers." 👀👇

John Woodside @woodsideful.bsky.social · 9d

Mark Carney's 'Tragedy of the Horizons' speech was a landmark moment for the financial sector to recognize climate change was a severe threat, but a decade later he's flouting his own prophetic warning as climate breakdown rapidly approaches.

A decade later, Carney's climate wake-up call to financiers still falls on deaf ears

Mark Carney's 'Tragedy of the Horizons' speech was a landmark moment for the financial sector to recognize climate breakdown was a severe threat, but a decade later he's flouting his own prophetic war...

www.nationalobserver.com

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Stop the Money Pipeline @stopmoneypipeline.bsky.social · 7d

New @reclaimfinance.org report reveals that banks finance fossil fuels more than double❗️ the amount for energy transition.

Read more in the first edition of the Banking on Business as Usual report: reclaimfinance.org/site/en/bank...

Banking On Business As Usual - Reclaim Finance

Between 2021 and 2024, the 65 biggest banks globally allocated to fossil fuels more than twice the amount of money allocated to sustainable power supply.

reclaimfinance.org

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Positive Money UK @positivemoneyuk.bsky.social · 6d

🚨NEW ACTION: Ask your MP to write to Rachel Reeves to #TaxTheBanks in her Autumn Budget! 🚨

Big banks have raked in billions thanks to higher interest rates without having to lift a finger - it’s time for them to pay up. Use our tool to contact your MP today 👇

bit.ly/TaxTheBanksMP...

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Bank.Green @bankgreen.bsky.social · 6d

⏰ 🆘 It’s been nearly a year since the first banks started pulling out of the Net Zero Banking Alliance (NZBA).💡 Individuals also have power: Bank.Green has resources for switching to sustainable banks, and learning how to pressure the institutions gambling with our future. Get started today 🌱

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Rainforest Action Network @ran.org · 4d

In Raja Ampat sediments from nickel mining have enveloped reefs & polluted waters. Mining in this area has threatened over 54k acres of land & 64k residents.

Meanwhile, global banks poured $493 BILLION into transition minerals, including nickel, from 2016-2024.
#MiningJustice
https://bit.ly/4mMahgw

Unchecked nickel mining fuels environmental, social crises in Indonesia

A new report has once again highlighted the heavy toll of Indonesia's nickel industry, where decades of poorly regulated extraction have scarred landscapes, choked coral reefs, and eroded local livelihoods, while companies face little accountability.

asianews.network

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BankTrack @banktrack.bsky.social · 7d

BankTrack's Max Hammer spoke to @redaktionzack.bsky.social zack about Raiffeisen Bank International, the main bank responsible for allowing Russian gas to continue flowing into Europe.

ZackZack @redaktionzack.bsky.social · 7d

Wie “Bloomberg”, “Reuters” und “Middle East Eye“ berichteten, ist die Raiffeisenbank International (RBI) an der Abwicklung russischer Energieexporte federführend beteiligt. Als größte verbliebene westliche Bank ist sie für Putins Kriegswirtschaft unersetzlich.

Milliarden für die Kriegskasse: Raiffeisen und die russischen Energie-Exporte - zackzack.at

Wie "Bloomberg", "Reuters" und "Middle East Eye" berichteten, ist die Raiffeisenbank International (RBI) an der Abwicklung russischer Energieexporte federführend beteiligt. Als größte verbliebene west...

zackzack.at

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BankTrack @banktrack.bsky.social · 7d

UniCredit has finally stopped taking on new corporate clients in Russia - a welcome move that comes three years too late.

At this rate, exiting Russia could take years. The ECB should be demanding more from banks like UniCredit. Ukraine can't afford to wait. #LeaveRussia

tinyurl.com/ytc5jhup

UniCredit's Russian business stops taking on corporate clients, raises fees

The Russian subsidiary of Italian bank UniCredit has stopped taking on new corporate clients and is raising service fees across its business, according to new tariff plans posted on the bank's website.

tinyurl.com

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BankTrack @banktrack.bsky.social · 7d

We call on banks to listen to communities around the world, and end unconditional support to ArcelorMittal until it commits to a decarbonization plan aligned with a 1.5°C target, and ensures a just future for all communities impacted by steel production!

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