Archive

COP27: UK's guidance on gold standard transition plans 'to have global significance'

Proposed guidance for producing 'gold standard' transition plans has been described by EY as "an extremely important step in the right direction towards driving the UK towards a net zero future".

RLAM launches global equity transition fund

Investors urged to vote against Sembcorp coal plant deal

The financial engineering behind Sembcorp's proposed sale of two coal-fired plants means the transaction is a "quick and dirty solution" to decarbonisation, and highlights the weaknesses of some sustainability-linked bond (SLB) structures, a think-tank has argued.

Canada ranked bottom in G7 climate-readiness league table

Canada ranks bottom in Aviva's newly-launched 'Climate-Ready Index' - a framework to measure how G7 nations and Ireland are progressing on climate mitigation, resilience and adaptation.

NZIA launches methodology for insurers to hit net-zero goals

The Net-Zero Insurance Alliance (NZIA) has launched a public consultation on how its member firms will reach their goal of achieving net-zero greenhouse gas (GHG)...

UOB sets 2050 net zero target, rules out new oil and gas financing

United Overseas Bank (UOB) has announced a 2050 net zero target across its lending portfolio, and has also become the first bank in Asia to rule out new financing for upstream oil and gas projects.

$100trn of investment needed to reach net-zero, report finds

Over $100 trillion is needed to 'green' the world's capital stock and reach net zero by 2050, a report by BNY Mellon and Fathom Consulting has found.

Governments should compensate investors for stranded assets, says IISD

Governments should compensate oil and gas investors for stranded assets to avoid costly tribunals, the International Institute for Sustainable Development (IISD) has said.

Fund-level scenario analysis requirement is 'regulatory overkill'

The merits and shortcomings of scenario analysis were debated at a panel discussion at The Future of ESG Data conference. Peter Cripps reports

Australian superfunds 'dumping fossil fuel stakes'

Australia's largest superfunds are rapidly selling off stakes in fossil fuel companies, a Market Forces report has found.