Phoenix unveils net-zero transition plan
The UK life insurer sets out five key targets to reach interim targets
PIRC calls on investors to oppose Glencore climate report
Proxy advisor Pensions and Investment Research Consultants (PIRC) has recommended that investors oppose mining and commodities trading giant Glencore's climate progress report over the inadequacy of its current targets and plans.
Just Energy Transition Partnerships still wrestling with coal investments, says Eastspring
Just Energy Transition Partnerships (JETP) still need to solve the challenge of how coal asset owners can be compensated for early retirement of their assets, Eastspring Investments has said.
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.