Aggregate ESG ratings should be abolished
Aggregated environmental, social and governance (ESG) ratings should be abolished, according to a survey, as results show that market participants "do not speak the same language" on what ratings are or should be.
2Dii: Should ESG ratings be abolished?
Climate finance think tank 2° Investing Initiative (2Dii) has launched a short survey around environmental, social and governance (ESG) ratings...
2DII launches PACTA advisory group
2° Investing Initiative (2DII) has appointed an expert group to advise on new governance for the Paris-based thinktank's climate scenario analysis and alignment methodology.
2DII consults on system 'to design sound climate impact strategies'
2° Investing Initiative has launched a consultation on an 'impact management system' it claims can help financial institutions design "scientifically sound climate impact strategies".
Pressure on financial institutions to back up climate pledges growing - 2DII
There is a "pressing need" for financial institutions to provide detailed evidence of the impact of their pledges to help curb climate change - especially as regulators increase their scrutiny of the area, according to thinktank 2° Investing Initiative.
Science Based Targets initiative launches financial sector framework
Science Based Targets initiative (SBTi) has launched its "breakthrough" pilot framework for financial institutions to set science-based climate targets, but campaigners were "disappointed" and "disturbed" by what they perceive to be shortcomings.
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