190 investors sign up to collaborative engagement on nature
190 institutional investors have signed up to collaborate to pressure 100 companies to address their negative impacts on nature, on the launch of Nature Action 100 (NA100) at Environmental Finance's Natural Capital Americas conference.
LAPFF reveals 'litany' of ESG risks at mining companies
A series of financial risks related to poor ESG practices at five mining companies has been uncovered by the Local Authority Pension Fund Forum (LAPFF).
BHP criticised as confirms oil and gas exit with Woodside deal
Pressure has been building on BHP to exit its fossil fuel assets, but its proposed deal to shift its oil and gas assets to Woodside has been criticised - and considered 'disastrous' for Woodside shareholders and the environment. Ahren Lester reports
BHP could benefit from ESG boost as the miner mulls oil and gas exit
Anglo-Australian mining giant BHP has announced it is considering exiting its oil and gas business, in a move that analysts believe could result in an environmental, social and governance (ESG) re-rating and rising interest from investors.
IFC tightens coal phase-out conditions on financial clients
The International Finance Corporation (IFC) has strengthened its approach to thermal coal investment exposure among its financial institution clients, announcing it will not make equity investments in firms that do not have a phase-out plan in place.
Norwegian oil fund continues ESG engagement ahead of renewables push
The manager of the giant Norwegian sovereign wealth fund reported it was continuing to engage heavily with firms on environmental, social and governance (ESG) issues, but was yet to get off-the-mark in its renewable energy investments.
BHP increases climate pressure on industry associations
Anglo-Australian mining giant BHP has enhanced its policy towards industry associations as it looks to ensure its climate lobbying aligns with the Paris Agreement.
Industry standard for tailings dam management launched
A global industry standard on how to manage tailings dams from construction through to closure has been launched, described as an "important milestone" towards ensuring zero harm to people and the environment following a series of disasters.
Deutsche Bank's tightened fossil fuel policy judged 'unambitious'
Deutsche Bank has tightened its fossil fuel policy to include exiting from coal mining investments by 2025, strengthening its stance towards coal power and restricting oil and gas sector financing - but campaigners continued to criticise the lender for its lack of ambition.
$36bn Australian pension fund divests from coal in net zero target
The A$52 billion ($36 billion) pension fund HESTA is to cease all investments in thermal coal, and will offload all fossil fuels over the next decade to meet a net zero emissions target by 2050.