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BankTrack @banktrack.bsky.social · 17m

This plan - an attempt by the Austrian government to cushion the risks of a bank that has spent years enabling Russia's war machine - would signal to all companies still operating in Russia that they have nothing to fear.

The @ec.europa.eu must stand firm in rejecting it.

@b4ukraine.org

BankTrack @banktrack.bsky.social · 17m

Yesterday, 17 civil society organisations sent an open letter to European Commission VP @kajakallas.bsky.social, urging the Commission to reject a proposal to award €2bn in frozen assets to Raiffeisen Bank International - the largest foreign bank in Russia.

Read it here:
tinyurl.com/ypvhhv3m

Global civil society organisations call on European Commission to refuse €2 billion gift to Raiffeisen Bank International

Today, a coalition of 17 civil society organisations from Ukraine, the European Union, and across the globe sent an open letter addressed to the Vice-President of the European Commission, Kaja…

tinyurl.com

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BankTrack @banktrack.bsky.social · 2d

The NZBA was bad news for climate finance.

The collapse of the alliance marks the end of greenwashing and the beginning of real climate finance.

Op-ed for the Banker by Asensio Rodriguez, BankTrack Executive Director

www.thebanker.com/content/4512...

The NZBA was bad news for climate finance

The collapse of the alliance marks the end of greenwashing and the beginning of real climate finance

www.thebanker.com

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Reclaim Finance @reclaimfinance.org · 9d

🟧 ING has just released its 2025 Climate Update – but instead of seizing the opportunity to demonstrate climate leadership, the bank has chosen continuity over real change.

Read our full analysis in the article below ⬇️

ING’s 2025 Climate “Update”: still fueling fossil expansion - Reclaim Finance

ING’s 2025 Climate Update was an opportunity to demonstrate real leadership in a year when financial institutions are under pressure to halt their support for fossil fuel expansion

reclaimfinance.org

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Reclaim Finance @reclaimfinance.org · 8d

🔴 Barclays and Citi helped Glencore issue a €500 Mn bond yesterday.

The banks thus enable Glencore to pursue its coal expansion plans, despite all their social and environmental impacts.

📢 They must stop supporting companies with coal expansion plans like Glencore, including through bonds.

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Attac Austria @attac.at · 8d

Immer mehr Banken verabschieden sich von ihren Klimazielen. Nun hat die weltweite Klima-Allianz von Großbanken sogar ihre Auflösung beschlossen.

▶️Freiwillige Initiativen sind wirkungslos!

🚫 Banken müssen verpflichtet werden, fossile Investitionen einzustellen!

www.attac.at/news/details...

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Reposted by BankTrack

Forests & Finance @forestsandfinance.bsky.social · 7d

Data via Forests & Finance
From 2016 to September 2024, major financiers, including several Brazilian banks, as well as HSBC and JP Morgan Chase, have backed Minerva’s operations across tropical regions.

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Reclaim Finance @reclaimfinance.org · 6d

Yesterday, employees at Barclays, Lloyds Bank & Natwest in London were greeted with a large van shedding light on their employers’ financial ties to major polluters.

This follows last week Which?’s ranking of UK retail banks based on their impact on the climate crisis and biodiversity.

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BankTrack @banktrack.bsky.social · 7d

✅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

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BankTrack @banktrack.bsky.social · 7d

⚠️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 · 7d

🚫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 · 7d

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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Inclusive Development International @inclusivedevt.bsky.social · 7d

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 · 9d

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 · 9d

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 · 9d

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 · 9d

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 · 9d

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 · 9d

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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Reposted by BankTrack

Market Forces @marketforces.org.au · 16d

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 · 15d

#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 · 15d

🇨🇦 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 · 15d

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 · 14d

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 · 13d

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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