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Report claiming fossil fuel divestment would cost pension funds billions branded 'misleading'
09 August 2018A report commissioned by the petroleum industry that claims US pension funds would stand to lose billions of dollars in returns if they fully divested fossil fuel stocks has been branded “particularly misleading”.
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Munich Re tightens coal divestment policy
06 August 2018The CEO of Munich Re has announced a new climate and divestment policy for the German reinsurer, in a guest article for German newspaper Frankfurter Allgemeine Zeitung.
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Lloyds Bank to stop financing new coal plants
03 August 2018Lloyds Banking Group will not fund new coal-fired power stations or thermal coal mines, or bank new clients which derive most of their revenue from such operations, it has said.
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Environment Agency Pension Fund smashes 2020 decarbonisation goal
25 July 2018The UK’s Environment Agency Pension Fund (EAPF) has beaten its own portfolio decarbonisation target two years ahead of schedule.
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Capital goods sector 'disappoints on reporting Scope 3 emissions'
24 July 2018The capital goods sector's disclosure and management of Scope 3 emissions is poor, and lags that of the autos sector, a report has found.
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€8.9bn Irish sovereign wealth fund to divest from fossil fuels
12 July 2018The €8.9 billion ($10.4 billion) Ireland Strategic Investment Fund (ISIF) is to divest from fossil fuels within five years following the passing of a bill in the Irish parliament, in what has been hailed a seminal moment in the country’s transition to a low-carbon economy.
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Natixis introduces ‘green weighting factor’
11 July 2018French bank Natixis has developed a so-called ‘green weighting factor’ (GWF) to prioritise investments deemed to have a positive environmental impact.
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Robeco wins UK pension engagement mandate
10 July 2018The £43 billion ($57 billion) Border to Coast Pensions Partnership has chosen Robeco to perform its voting and engagement services.
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Divest from oil and gas by 2023, £12bn Church of England instructed
09 July 2018The Church of England has agreed to divest from oil and gas firms by 2023 unless they can demonstrate sufficient efforts to mitigate the effects of climate change.
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Sovereign wealth funds worth $3trn devise climate framework
06 July 2018Six of the biggest sovereign wealth funds, with a combined $3 trillion in assets, have come together to launch a framework on how to integrate climate change into their investment decisions.