How the Finance Flows: the banks fuelling the climate crisis

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How the Finance Flows: the banks fuelling the climate crisis

ActionAid’s new report ‘How the Finance Flows: The Banks Fuelling the Climate Crisis’ shows that the world’s banks including HSBC, Citigroup and Barclays are channelling an astounding 20 times more finance into the causes of the climate crisis than wealthy governments are providing developing countries for climate solutions.

04.09.23

The ActionAid report found the top banks from each region funding fossils fuels and industrial agriculture in the Global South were:

In Europe: HSBC, BNP Paribas, Societe Generale, Barclays.
In the Americas: Citibank, JPMorgan Chase, Bank of America
In Asia: Industrial and Commercial Bank of China, China CITIC Bank, Bank of China and Mitsubishi UFJ Financial

Read the report here