Article
HSBC, Other European Banks Receive Top Scores in First-Ever Ranking of 40 Leading Banks on Climate Change Strategies
While encouraging progress is being made, the banking sector still has a long way to go in confronting the business challenges posed by global climate change, according to a first-ever report issued today by the Ceres investor coalition that analyzes climate change governance practices of 40 of the world’s largest banks. [Banks / asset managers in alphabetical order with score out of 100 in parentheses:
ABN AMRO (66)
Banco do Brasil (14)
Banco Santander (22)
Bank of America (56)
Bank of China (4)
Bank of Nova Scotia (26)
Barclays (61)
Bear Stearns (0)
Citigroup (59)
Deutsche (60)
Franklin Resources (1)
Goldman Sachs (53)
HBOS (61)
HSBC (70)
Industrial Bank of China (8)
Lehman Brothers (26)
Merrill Lynch (52)
Mizuho Financial (24)
Morgan Stanley (49)
State Street Corp (36)
TD Bank Financial (25)]