HSBC Commercial Banking’s Post

James Close, Head of Climate Change at NatWest Group, and member of the Transition Finance Market Review’s Expert Group, discusses how NatWest Group will be taking forward action on transition finance. The UK’s Transition Finance Market Review (TFMR) provides a framework to scale the market for transition finance in the UK and globally. But the opportunity is timebound and the government, companies and market must act together now to establish a coherent strategy. This landmark Review is co-sponsored by HM Treasury and Department for Energy Security and Net Zero and hosted by the City of London Corporation. Download the full findings of the review: https://lnkd.in/eaTRx6s8 #TransitionFinanceMarketReview #IndependentReview #SustainableFinance

😎 Do you have about 2-3 minutes to learn more about #greenwashing? Companies use an array of these #marketing tricks because they know most people don't have time to do in-depth research before making decisions about things like where we work, each product we buy, each service we purchase and so on.... In addition to so many more examples, most banking, insurance, energy suppliers, overseas travel, manufacturers, clothing, beauty, food and drink marketing campaigns are built to deceive you. https://lnkd.in/evdh7wDh

We’re making headlines! 📰 Our carbon removal transaction with CUR8, Standard Chartered, British Airways, CFC and WTW has caught the attention of major media outlets. 👀 This groundbreaking transaction paves the way for a more sustainable future through enhanced rock weathering (ERW). With innovative financing from Standard Chartered and support from all partners, this deal creates a scalable model for long-term carbon removal. 🌍🌱 This novel financial structure not only helps UNDO scale its operations but also serves as a template for future carbon removal projects. 🙌 Discover more 🔗↓ The Wall Street Journal: https://on.wsj.com/4dbt1l0  Reuters: https://bit.ly/4gofYzp  Climate Home News: https://bit.ly/3ZpGzpA  edie: https://bit.ly/3Xvo6p0  BusinessGreen: https://bit.ly/4gosbnL #Sustainability #CarbonRemoval #EnhancedWeathering #NetZero #ClimateAction #Innovation #StandardChartered #BritishAirways #CUR8 #ClimateActionNow #EnhancedRockWeathering #EnhancedWeathering 

𝗘𝘅𝗽𝗮𝗻𝗱𝗶𝗻𝗴 𝗮𝗻𝗱 𝘀𝘁𝗿𝗲𝗻𝗴𝘁𝗵𝗲𝗻𝗶𝗻𝗴 𝘁𝗵𝗲 𝗨𝗞 𝗘𝗺𝗶𝘀𝘀𝗶𝗼𝗻𝘀 𝗧𝗿𝗮𝗱𝗶𝗻𝗴 𝗦𝗰𝗵𝗲𝗺𝗲 UK Emissions Trading Scheme continues #commitments to expand the #scheme and further limit #carbonemissions. ✅  #UKETS Authority outlines intention to include the #maritimesector in scheme to cut carbon emissions and support #economicgrowth. Proposed changes would come into effect from 2026 ✅ #scheme to recognise non-pipeline #transport for carbon capture and storage (#CCS) – further incentivising #decarbonisation for #industry ✅ changes to remove excess #freeallowances from #businesses who cease activity in their final year of operation The details are at the below link:   https://lnkd.in/dmue5hmR

Financial sustainability is more than just a popular phrase, it’s becoming the cornerstone of strategic planning across industries, especially within the oil and gas and energy sectors. As we transition towards a more sustainable future, the integration of financial sustainability is critical. Companies are increasingly recognizing that aligning their financial goals with sustainable practices not only drives long-term profitability but also ensures resilience against future risks. In the oil and gas sector, for instance, the shift towards cleaner energy and responsible resource management is reshaping financial strategies. This sector, traditionally viewed as one of the biggest environmental challengers, is now at the forefront of adopting sustainable practices. Investments in renewable energy, carbon capture technologies, and more efficient operations are not only reducing environmental footprints but also securing financial stability by meeting the growing demand for greener solutions. This transformation is mirrored across industries, where sustainability is no longer just an ethical consideration but a financial imperative. The integration of Environmental, Social, and Governance (ESG) criteria into financial decision-making is helping organizations attract investment, improve operational efficiency, and enhance their reputation. Last year’s Sustainable Finance Summit, hosted by the Canadian Lenders Association, featured great insights from professionals & finance leaders like Ravinder Gill, Stephen Uwazota, CFA, Angie Lamarsh, and Valerie Presolly. Their discussions highlighted the pivotal role that sustainable finance plays in driving industry-wide change. This year’s summit in Toronto promises to build on these conversations, offering a platform for leaders to explore how financial sustainability can continue to evolve and shape the future of business. It’s clear that the conversation around financial sustainability is more relevant than ever. It’s not just about being financially sound; it’s about ensuring that financial strategies contribute to a more sustainable and equitable world. This is worth attending. #Sustainability #SustainableFinance #EnergyTransition, #CCIS #OilandGas #AlbertaEnergy #SustainabilityReporting #Financesummit2024 #climatefinance #LNG #Businessleadership #Cleantech, Arbor

Standard Chartered, British Airways and CUR8 have delivered a global first transaction to unlock finance for UNDO, a UK-founded carbon removal project developer.    This breakthrough transaction creates a bridge to bankability for credible climate technologies that remove carbon from the atmosphere, paving the way to scale finance for Carbon Dioxide Removal (CDR) projects elsewhere. This helps developers access much-needed upfront capital and ultimately brings down costs for other companies to provide finance and offtakes, unlocking scale.   A Philip Lee team, led by Lev Gantly and Simon Puleston Jones were pleased to advise UNDO on this transaction.   To read more, click here: https://lnkd.in/eCSArdQv   #CarbonRemoval #NetZero #ClimateAction #ERW #UNDOCarbon #GreenFinance #CarbonMarkets #Sustainability  

The Hub is all about cutting carbon and cutting energy costs, but with over 270 carbon reporting solutions available to UK SMEs, it can be hard to know where to start. That's why we're Hub supporter British Business Bank commissioned Icebreaker One to put together this comprehensive, impartial review of Carbon reporting solutions for UK SMEs. Check it out and find the right solution for your #uksmallbusiness. https://lnkd.in/e3pZPQtu

Major UK high street banks face scrutiny for financing fossil fuel expansion in the North Sea, despite pledging to align with net zero climate goals. HSBC, NatWest, and Lloyds have provided millions in finance to Ithaca Energy, drawing criticism from environmental organizations. Despite commitments to stop directly financing new oil and gas projects, these banks' actions contradict their net zero pledges. Environmental activists urge banks to cease funding Ithaca's Rosebank project, highlighting the project's significant CO2 emissions and the inconsistency with climate goals. It's time for banks to prioritise sustainability and honour their climate commitments. #ClimateAction #NetZero #Sustainability #thesocialtalks

As we head to the polls tomorrow, the new government needs to ensure fighting #climatechange remains a top priority from Day One – particularly when it comes to domestic emissions. Tandem Bank’s latest monthly tracker is out today – and it’s not great news as consumers continue to deprioritise carbon reduction over immediate priorities, as cost of living pressures continue. Positive change won’t happen overnight, but we know consumers are looking for it – they just need support to take whatever steps they can. Tandem is here to help – our next Government needs to be too. Small things go a long way on the pathway to green and we can get to Net Zero, together, if we all do our bit. #WeAreTandem #GreenGap #GreenerBanking #SustainableLiving #ClimateChange #GeneralElection #PathwaytoGreen #NetZero

James Close, Head of Climate Change at NatWest Group, and member of the Transition Finance Market Review’s Expert Group, discusses an unexpected finding from the Transition Finance Market Review. Central to the findings of the Review are recommendations on how to unlock required levels of finance by creating the right policies, pathways and signals for investment through collaboration between government, investors, business and civil society. This landmark Review is co-sponsored by HM Treasury and Department for Energy Security and Net Zero and hosted by the City of London Corporation. Download the full findings of the review: https://lnkd.in/eaTRx6s8 #TransitionFinanceMarketReview #IndependentReview #SustainableFinance