Japan's largest banks hit by shareholder climate action
Japan's six largest banks and energy companies have been hit by shareholder calls to disclose decarbonisation plans, over concerns that fossil fuel expansion will result in stranded assets.
Chinese banks not shifting away from coal, says Sustainable Fitch
Despite a movement into 'cleaner' assets, Chinese banks have yet to shift away from coal, which risks leaving many with stranded assets, Sustainable Fitch has said.
Climate Action 100+ updates net-zero benchmark
Climate Action 100+ (CA100+) has updated its benchmark tool for helping investors to assess the decarbonisation action of companies.
Japan's transition finance agenda is derailing decarbonisation in Southeast Asia
Japan treats transition finance as a way to support industrial companies that are locked into thermal power technologies, argues Kurt Metzger
Insurers' 'failed' climate engagement strategy draws new demands from campaigners
Insurers' climate engagement strategies are failing as major oil and gas producers show no sign of adopting credible net-zero pathways, according to climate campaigners.
The ISO's Net Zero Guidelines
The guidelines can provide a common global basis for sound and credible net zero action, providing investors with a robust reference point to form their strategy, writes Emily Faint
Phoenix estimates 20% of equity and credit assets exposed to high transition risks
Some 20% of Phoenix's listed equity and credit portfolios are exposed to sectors at high risk in the transition to a net-zero economy, such as energy, utilities, industrials and materials.
Aviva completes divestment of £2.5bn in fossil fuel companies
Aviva has divested almost all its £2.5 billion ($3 billion) exposure to fossil fuel companies on its "Stoplist" of firms with weak ambitions to reduce their climate impact.
Measuring the financial consequences of climate transition
Joseph Noss looks at why backward-looking emissions reporting provides no guarantee of reducing exposure to transition risk
Zurich excludes five fossil-fuel companies with non-credible transition plans
Zurich has excluded five companies from its investment and underwriting activities as it no longer considered their "progress against transition plans to be credible".