Archive

$8trn investors back IIGCC 'Net Zero Investment Framework' launch

US regulator banking rule seeks to 'prop up' fossil fuel financing

The US Office of the Comptroller of the Currency (OCC) has been accused of staging a "last ditch" attempt to prop up financing for fossil fuel through its "fair access" rule for banks, amid a rising tide of lenders announcing plans to phase-out such funding.

SEC shareholder resolution proposals 'actively muzzle' investor engagement

The US Securities and Exchange Commission (SEC) has approved rules which limit the ability of investors to file shareholder proposals, a move criticised as "actively muzzling" investor pressure on environmental, social and governance (ESG) and other material issues.

CA100+ creates benchmark for net-zero emissions

Engagement initiative Climate Action 100+ (CA100+) has developed a tool for companies to use when developing strategies for transitioning to net-zero carbon emissions.

CFTC: Climate change poses 'major risk' to US financial system

A report from a subcommittee of US federal regulator the Commodity Futures Trading Commission (CFTC), has found that all US financial regulators must recognise that climate change poses 'serious emerging risks' to the national financial system.

Rocky Mountain Institute launches climate finance centre with US banks

The Rocky Mountain Institute (RMI) has launched a research centre to help shape the role that the financial industry has in driving the transition to a low-carbon economy, with four major US banks collaborating on the project

Investor climate pressure builds on US oil majors as BlackRock steps-up

US oil supermajors ExxonMobil and Chevron experienced significant investor pressure over their climate policies at their annual general meetings, with major investor BlackRock stepping up support for some proposals.

Equinor bows to investor pressure of Climate Action 100+

Equinor has become the latest oil and gas company to bow to investor pressure to strengthen its climate targets.

Investors call for tougher sustainability standards for palm oil

Global investors managing about $6.7 trillion have called on the Roundtable on Sustainable Palm Oil (RSPO) to adopt a more robust and effective standard for production of the widely-used vegetable oil.

Tool launched to raise investor awareness on deforestation risks

An online platform to support financial institutions in understanding and mitigating deforestation risks has been launched.