Archive

Chubb: we have "no control" over insureds' emissions

Chubb's board of directors has said it has no control over its insureds' emissions and no basis to know how any change in its underwriting or investment activity would reduce such emissions.

Sustainalytics: only one firm is aligned with 1.5°C

Morningstar Sustainalytics has provided further details of its recently launched Low Carbon Transition Ratings, revealing that only one company it has assessed so far is currently aligned to a 1.5°C pathway.

Assessing the departures from the Net Zero Insurance Alliance

Antitrust concerns are being used as a political cudgel by the fossil fuel industry and its political servants in the US, writes Peter Bosshard

The opportunities of the environmental transition

The energy transition is expected to account for $4 trillion in global annual investment over the next ten years, writes Lombard Odier's Frédéric Rochat

Transition plans key to stave off threat to financial stability, says Aviva's Waygood

Unless a material price on carbon is reached and governments come up with 'sectoral transition frameworks', the world faces a threat to international security and financial stability, according to Aviva Investors.

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.