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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.

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.

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 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.

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’.

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

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

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.