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".
Environmentalists highlight shortfalls in Allianz's climate targets
Calling on divestment from polluting companies and greater details on engagement strategy
EU 'brown' taxonomy proposals split financial sector
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.
$5trn of investors set 'unprecedented' 1.5°C emissions target
Some of the world's largest investors, with a combined $5 trillion in assets, have pledged to implement deep greenhouse gas (GHG) emissions reductions in their portfolios over the next five years, putting them on course to help limit global warming to 1.5°C.
Alok Sharma: COP 26 'will see agreement' on Article 6 debate
Alok Sharma, president of the United Nations Climate Change Conference (COP26) has spoken of his confidence in Article 6 of the Paris Agreement - relating to carbon markets and yet to be ratified - being agreed next year.
Swiss Re ramps up its internal price on carbon
Several leading European insurance groups - Swiss Re, Generali, Allianz and Aviva Europe - have announced bold actions to lower greenhouse gas (GHG) emissions.
LeapFrog, Allianz X in $30m digital health, insuretech funding round
LeapFrog and Allianz X have participated in a $30 million fundraise by emerging markets digital health and insuretech provider BIMA.