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Australia climate stress tests its five largest banks

The Australian Prudential Regulation Authority (APRA) has published details of an assessment of the country's five largest banks of their vulnerability to physical and transition climate risks.

People moves: DWS, Mercer, Robeco, NN IP, AIG ... and more

Robeco poaches UBS researchers

$14trn investor group pushes for AGM vote on 'net zero' claims

A group of 53 investors with a combined $14 trillion of assets under management has called for new climate-related corporate governance measures, including an annual general meeting (AGM) vote on corporate 'net zero' transition plans.

Insurance giants form Net-Zero Insurance Alliance

Carney: institutions to be asked 'are you in or out of GFANZ' pre-COP26

German insurers are risking their climate credibility

By continuing to do coal business on the side and insuring new oil and gas projects, German insurers are putting their climate credibility at risk, warn Peter Bosshard and Regine Richter

German 30-year green bond reports deeper 'greenium' amid investor demand

The first 30-year green bond issued by Germany reported a deeper 'greenium' than previous shorter-dated notes, as investor demand sent the order book to more than six times the offered amount.

Banks with $29trn in assets pledge to set 2050 'net zero' targets

A group of banks with about $28.5 trillion in assets has joined a UN-convened 'Net Zero Banking Alliance', and in doing so pledged to "align operational and attributable emissions from their portfolios with pathways to net-zero by 2050 or sooner".

BlackRock, Vanguard among 43 new Net Zero Asset Managers Initiative members