Banks are increasingly setting goals to decarbonise by 2050, yet a large number continue to finance fossil fuels, the primary source of carbon emissions. To accelerate action, shareholder activists regularly file climate resolutions at bank AGMs. But DeSmog’s investigations have shown that the majority of directors on many bank boards have close ties to polluting sectors.
DeSmog’s articles are based on a huge research exercise led by Rachel Sherrington that has led to the creation of an original database with over 900 entries. Watch this space for more stories that emerge as we continue to analyse the database.