Archive

NZDPU expansion 'a major step to closing the data gap', says Carney

A free-to-use database of climate data will be expanded to cover 10,000 companies, based on their disclosures via CDP

IIGCC highlights opportunities in unlabelled debt

Unlabelled debt could play a greater role in decarbonising high-emitting and hard-to-abate sectors than labelled debt and green bonds, a discussion paper by the Institutional Investors Group on Climate Change (IIGCC) suggested.

ING updates net zero assessment approach

ING has added the dairy and aluminium sectors to its Terra approach for steering companies in its lending portfolio to net zero by 2050, and highlighted the steel and residential real estate sectors as requiring further work.

ING further restricts upstream oil & gas financing

ING has further tightened its restrictions on financing the oil and gas sector, although one NGO branded the development as being "of little value".

'SFDR is an utter disaster'

James Gifford, founding CEO of the PRI and a sustainable finance veteran, shares his thoughts on sustainable finance policy and regulation - and the future of ESG. Peter Cripps reports

Aviva and Amundi score below average in analysis of climate transition plans

Zurich to drop oil and gas producers lacking credible transition plans by 2030

Zurich has unveiled its 2024 climate transition plan that sets interim targets and the strategy to achieve net-zero by 2050 across its insurance business, investments and operations.

Bloomberg launches transition plan credibility assessments

Bloomberg has launched a product it says can help investors judge the credibility of companies' transition plans and targets.

ETS deadlines risk facilitating 'brown zombie' European industry, ECB blog says

The impending increase in carbon emissions costs under the EU Emissions Trading System (ETS) will add to energy intensive firms' financial woes, potentially undermining their ability to invest in decarbonisation, a blog published by the European Central Bank (ECB) says.

Norway's sovereign wealth fund's Exxon paradox

Exxon wanted to sue their shareholders over climate resolutions. The Norwegian sovereign wealth fund responded by increasing its share in the company - and putting its climate credibility at risk, writes Diego Alexander Foss