HSBC, Other European Banks Receive Top Scores in First-Ever Ranking of 40 Leading Banks on Climate Change Strategies

Author: CERES, Published on: 10 January 2008

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)]

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Related companies: ABN Amro Banco do Brasil Bank of America Bank of China Bank of Nova Scotia Barclays Citigroup Deutsche Bank Goldman Sachs HBOS (part of Lloyds) HSBC Industrial & Commercial Bank of China Lehman Brothers Merrill Lynch (part of Bank of America) Mizuho Bank (part of Mizuho Financial Group) Morgan Stanley State Street Toronto-Dominion Bank