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Report alleges major banks contribute to climate change through increased funding of fossil fuels

In May 2019, a group of NGOs led by Rainforest Action Network published research findings that suggest some of the biggest banks around the world are financing fossil fuels more than ever before. Since the Paris Agreement took effect in 2016, 33 of the top banks have contributed $1.911 trillion in fossil fuel financing. 

Full report | Executive summary

Business & Human Rights Resource Centre reached out to the top banks named in the report for a public response:

  1. Bank of America has not yet responded
  2. Bank of China did not respond
  3. Bank of Montreal response
  4. Barclays response
  5. Citi response
  6. Deutsche Bank response
  7. Goldman Sachs did not respond
  8. HSBC response
  9. JPMorgan Chase response
  10. Mizuho response
  11. Morgan Stanley response
  12. MUFG has not yet responded
  13. RBC (Royal Bank of Canada) response
  14. Scotiabank response
  15. SMBC Group did not respond
  16. TD Bank response
  17. Wells Fargo response

Réponses de l'entreprise

Toronto-Dominion Bank (TD Bank) Voir la réponse
Deutsche Bank Voir la réponse
Barclays Voir la réponse
Sumitomo Mitsui Financial Group

Aucune réponse

Bank of Montreal Voir la réponse
Scotiabank Voir la réponse
Royal Bank of Canada Voir la réponse
JPMorgan Chase Voir la réponse
Wells Fargo Voir la réponse
Citigroup Voir la réponse
Morgan Stanley Voir la réponse
Goldman Sachs

Aucune réponse

Mizuho Bank (part of Mizuho Financial Group) Voir la réponse
Bank of China

Aucune réponse

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