CIMB to stop financing new upstream oil fields from 2025

Published on July 10, 2024

The banking group has set new targets to cut financed emissions for the oil and gas and real estate sectors by 2030, which critics say are out of step with the Paris Agreement.

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Power-hungry AI is driving a surge in tech giant carbon emissions. Nobody knows what to do about it

July 10, 2024
Since the release of ChatGPT, the world has seen a surge in investment and use of artificial intelligence. The social and economic impacts of this boom have provoked reactions, but the environmental costs have received far less attention.

When it comes to sustainability reporting, it depends on how serious companies are about making change

July 10, 2024
There are growing calls for more corporate disclosure, but if firms release sustainability reports just to meet the needs of external stakeholders, including regulators, it is unlikely to motivate internal changes to business operations.