Archive

US banks facing NYC pension fund pressure on climate targets

Bank of America, JP Morgan Chase and Goldman Sachs are preparing to face a shareholder vote on a resolution asking them to set absolute greenhouse gas (GHG) emissions reductions targets, as a major investor criticised them for "lagging peers" in this area.

LGIM pushes ExxonMobil to disclose energy transition impact information

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.