Archive

Don't wait for regulation to act on climate, EC director tells insurers

While insurers want policy makers' help to tackle climate change, they have been told not to wait for regulation to act. Meanwhile, climate activists have urged regulators and legislators to step in, as they have no confidence in the industry's ambitions

Impact: Six areas to watch in 2021

A legal framework for impact, harmonisation of reporting frameworks and the rise of impact indexes could shape 2021, writes Michael Hurley

AMF study identifies weaknesses in French institutions' TCFD reports

Financial institutions continue to struggle to report decision-useful information on how their overall strategy responds to climate change, according to an analysis of French financial institutions' Task Force on Climate-related Financial Disclosures (TCFD) reports.

Axa calls for UN climate underwriting alliance

Axa has proposed the insurance industry should cooperate to reduce the negative climate impact of its underwriting, ahead of the planned UN Climate Change Conference (COP 26) in November 2021.

Axa IM ditches State Bank of India green bonds amid Carmichael coal furore

$9trn collaboration of asset managers commit to net zero emissions

The Institutional Investors Group on Climate Change (IIGCC) has formed an initiative of asset managers, representing over $9 trillion, which have committed to align their portfolios with the goals of the Paris climate agreement.

BlackRock, Vanguard climate and social voting records continue to disappoint

Asset managers' proxy voting record on shareholder resolutions for climate and social issues continued to disappoint in 2020, according to a report by ShareAction, with US giants BlackRock, Vanguard and Capital Group among the worst performers.

BlackRock, DWS, Natixis show 'basic' commitment to ESG, says Morningstar

Morningstar has identified Vanguard and Lyxor among asset managers with a 'low' level of commitment to ESG topics, whilst BlackRock, DWS, Natixis and UBS were flagged for their 'basic' approaches.

News round-up: EU offshore wind push, muni green project fund, sovereign ESG data set ... and more

European Commission vice-president Frans Timmermans encouraged EU member states to use funds from the €750 billion Next Generation EU fund to make targeted investments in the space to "unlock the necessary private financial flows" to power the expansion.

News round-up: US sustainable investment boom, human rights disclosure fail, CIP, and more...