Major US and Canadian banks are being asked by shareholders and climate action groups to take action on global net zero targets by reducing their lending to the fossil fuel industry, and to set and publish interim emissions reduction targets for 2030.
Canadian tech startup MineSense has raised $42 million in a series E funding round. It highlights investor confidence in the company’s role in enabling the energy transition by improving efficiency, profitability and sustainability of mining operations.
JPMorgan Chase (NYSE:JPM) has committed $3 million to five companies, each developing climate resilient, affordable housing for minorities in the US, particularly Black, Hispanic and Latino communities.
J.P. Morgan’s ESG Discovery digital platform is a response to client demand for clarity on the ESG risks relevant to their investments. The addition of a double materiality framework, which adds to the impact of a business on society, appears to be a departure for a financial services firm.