Archive

EU Taxonomy has 'messed up' buildings criteria

The draft criteria for the pioneering EU 'green list' has introduced a "big problem" for the market for green property bonds, Climate Bonds Initiative boss Sean Kidney tells Ahren Lester

Science Based Targets initiative launches financial sector framework

Science Based Targets initiative (SBTi) has launched its "breakthrough" pilot framework for financial institutions to set science-based climate targets, but campaigners were "disappointed" and "disturbed" by what they perceive to be shortcomings.

Storebrand excludes 27 firms as it tightens climate policy

Norwegian asset manager Storebrand has tightened its climate policy significantly, which will see it exclude 27 firms including oil majors Chevron and ExxonMobil, miner Rio Tinto and chemicals giant BASF.

Oil majors accused of using CA100+ as 'fig leaf' to disguise inaction

Oil supermajors have been accused of using joint statements with investor initiative Climate Action 100+ (CA100+) as a means to disguise limited action on emissions reductions.

S&P Dow Jones launches Paris-aligned index family

S&P Dow Jones Indices (S&P DJI) has launched a family of climate-focused European indexes which are consistent with the specifications of the EU technical expert group on sustainable finance (TEG) report.

Shell strengthens climate ambitions after investor pressure

Royal Dutch Shell has strengthened its climate change ambitions in order to help meet global 2050 greenhouse gas (GHG) emission reduction targets, but campaigners remain unconvinced that the proposals go far enough.

People Moves, 6 March: DG FISMA, ResponsAbility, Carbon4 Finance

Shipping - the trillion-dollar challenge

The growing support for the Poseidon Principles underlines the crucial role for finance in helping the shipping industry chart a course towards a greener future, says Ahren Lester

MEAG and Luxcara seal debt and equity deal for wind farm

German asset managers MEAG and Luxcara have structured a debt and equity deal to finance two wind farms in Norway.

Storebrand makes 2026 pledge to ‘exit death spiral of coal’

Storebrand Asset Management has revealed a path to full divestment from coal in eight years’ time, in a strategy it says is in line with the goal to restrict climate change to a maximum of 1.5°C above pre-industrial levels.