As the banking sector continues to grapple with its environmental responsibilities, Tandem Bank's proactive approach sets a commendable example. By combining internal emission reductions with strategic offsetting, Tandem is demonstrating that banking doesn't have to cost the Earth.

Recognizing this, banks are increasingly committingto support their clients and the broader low-carbon transition by aligning their financial flows with reaching "net-zero emissions" by 2050. However, while the number of banks with net-zero commitments has grown, a closer look reveals that they are not on track to achieve their goals.

CaixaBank CIB has launched a carbon credit trading platform aimed at helping corporate clients and businesses offset CO2 emissions through the voluntary carbon market. The platform gives large companies and SMEs access to internationally verified carbon credits. These credits are tied to sustainable ...

Tandem Bank's initiative demonstrates that financial institutions can indeed balance profitability with planetary stewardship. By merging direct emission reductions with thoughtful offset schemes, Tandem shows how banking can be part of the climate solution, not the problem.

CIBC and several other international banks have joined forces to launch the first ever blockchain platform for companies to purchase and sell carbon offsets. The latest initiative, called Project Carbon, is created on the Ethereum platform, and will allow companies to voluntarily buy or sell carbon offsets, such as carbon capture, or forest and wetland […]

Below are some of the major ways in which banks can add value to the carbon market: Financing project development – Banks might need to be bold and offer debt financing or blended financing to the project developers creating carbon offsets i.e., to a greater extent or scale than they do today.

The controversy around voluntary carbon markets has deterred banks from getting involved. They need to worry less about reputational risk and more about the planet.

World Bank Group (WBG) Guidelines/Criteria for Selection of Emission Reduction Offsets The World Bank Group purchases and retires carbon offsets to achieve carbon neutrality for its Scope 1, Scope 2 and a portion of its Scope 3 greenhouse gas emissions. These Guidelines are intended to align WBG’s offset purchases with its institutional objectives and support projects that are helping to ...

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Banks support the energy transition by financing projects and companies. Their lending to both low-carbon and fossil fuel ventures signals their transition readiness and mirrors the wider economy’s decarbonization progress.