Banking on Climate Chaos 2024

Ending the era of fossil fuels on an ambitious timeline is the only way to mitigate climate change. While there are signs that financial institutions are beginning to heed the warnings about the climate, human rights, and financial risks of continuing to finance fossil fuel expansion, significant work lies ahead if they are to effectively play their part in mitigating climate chaos. The 60 biggest banks globally committed $705 billion USD to companies conducting business in fossil fuels in 2023, bringing the total since the Paris agreement to $6.9 trillion Profundo conducted the financial research for this 2024 edition of the report Banking on Climate Chaos.