Climate change is one of the most significant challenges of our time. The world’s key environmental and social challenges – such as population growth, energy security, loss of biodiversity and access to drinking water and food – are all closely intertwined with climate change. This makes the transition to a low-carbon economy vital. We support this transition through our comprehensive climate change strategy.
As a leading global financial services provider we focus our climate change strategy on risk management, investments, financing, research and our own operations.
We are committed to:
supporting renewable energy and clean tech transactions
not financing new coal-fired power plant projects in high-income OECD countries
only financing new coal-fired projects outside high – income OECD countries that use high-efficiency, low-emissions technologies
only supporting other types of transactions of coal-fired operators who have a strategy in place to reduce coal dependency or who adhere to strict internationally recognized greenhouse gas emissions standards
severely restricting lending and capital raising to the coal mining sector and not supporting coal mining companies engaged in MTR operations
securing 100% of our electricity from renewable sources by 2020, reducing our own greenhouse gas footprint by 75% compared to 2004 levels as a result