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.
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.