INVL launches fundraising for forest and land-dedicated fund
SocGen launches €1bn transition fund, stricter fossil-fuel targets
French bank Société Générale is targeting reducing its oil and gas exposure by four-fifths by 2030 as well as launch a €1 billion ($1.1 billion) transition fund.
IIGCC publishes net-zero transition expectations for chemicals firms
Central banks 'could demand transition plans to help set capital requirements'
A "high likelihood [of] sudden build-ups of prudential risks" caused by climate change should see central banks and supervisors adjust prudential requirements for banks based on their transition plans, academics have recommended.
JO Hambro launches greenhouse gas emissions forecasting tool
JO Hambro Capital Management has launched a proprietary greenhouse gas (GHG) emissions forecasting tool to help it assess the credibility of companies' net zero commitments.
BlackRock rejected Glencore's climate plan
BlackRock voted against Swiss miner Glencore's climate plan, documents have revealed.
'Uninsurable' assets is 'direction of travel' amid extreme weather
ABN Amro has warned that assets are increasingly becoming "uninsurable" due to the impact of extreme weather caused by climate change, as insurers respond to rising loss risk by hiking premiums and reducing exposure.
APG lauds 'first of its kind' climate-themed real estate index for pension funds
APG has hailed a "first of its kind" climate-themed real estate index it created for its pension fund clients, which aims for a progressive reduction in greenhouse gas emissions.
USS unveils own climate scenarios to address inadequacies in widely used models
UK pension fund USS has published four climate scenarios that it says "better reflect the real-world risks and opportunities that frame our investment decision-making over the short- and medium-term", as it criticised widely-used models as "inadequate".