• CommBank oil and gas funding exit sends 'stark warning' to industry

    09 August 2023

    The Commonwealth Bank of Australia (CommBank) has ruled out direct finance for any new or expanded oil and gas projects in its updated climate policy, described by one campaigner as putting the lender "well above its peers" on climate.

  • Australian regulator reveals prospect of bank losses from climate change

    30 November 2022

    Australia's largest banks should be prepared to face 'financial challenges' resulting from losses caused by the effects of climate change, a vulnerability assessment by the regulator has found.

  • CBA launches 'critical' product to scale Australian carbon credits

    29 November 2022

    The Commonwealth Bank of Australia (CBA) has told Environmental Finance its innovative Australian carbon credit pre-payment transaction could be "critical" to de-risk and scale the market in the absence of futures.

  • Westpac abandons thermal coal funding in tighter climate policy

    04 May 2020

    Westpac has committed to exit its funding of thermal coal firms by 2030 and to align its financing business to the Paris Agreement, as it launched its updated climate change position statement.

  • Australia launches HLEG-style sustainable finance initiative

    27 March 2019

    A group of leaders and senior executives at Australia’s major banks, superannuation funds and insurance companies has been assembled to devise a sustainable finance ‘roadmap’.

  • Green bonds round-up, 3 October 2018

    03 October 2018

    Getlink said its inaugural green bond had been "comfortably oversubscribed", helping it raise €550 million ($635 million) rather than the €500 million originally envisaged.

  • Green bonds round-up, 5 September 2018

    05 September 2018

    German real estate bank, Deutsche Hypothekenbank, has issued its second €500 million ($580 million) green Pfandbrief.

  • LGIM announces exclusions from its £5bn Future World Funds

    11 June 2018

    Legal & General Investment Management (LGIM) has named the companies it regards as leaders and laggards on climate change issues, as part of its attempt to remove climate-related risk from its £5 billion ($6.7 billion) Future World funds.