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NGFS makes 'Glasgow declaration' to step up work on climate scenarios
03 November 2021The Central Banks and Supervisors Network for Greening the Financial System (NGFS) has published a plan of action for coming years...
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UK pledges to become 'world's first net-zero financial centre'
02 November 2021The UK government will require financial institutions to publish net-zero transition plans from 2023, in a move it claims will make the UK the "world's first net-zero aligned financial centre".
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Oil majors to pilot net zero model that pits winding-down as 'legitimate' strategy
15 September 2021BP, Eni, Repsol, Shell and Total are the first oil companies to agree to pilot an investor-led standard that is designed to improve comparability of transition plans, and "acknowledges winding-down as a legitimate strategy".
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£1.3trn asset managers confront 'diversity problem'
02 August 2021Asset managers worth a total of £1.3 trillion ($1.9 trillion) have committed to tackling their industry's diversity problem by considering the diversity of potential client organisations.
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Giant $12bn impact haul led by Carney, Paulson funds
28 July 2021Climate-themed impact funds by private equity giant TPG and alternatives asset manager Brookfield have raised a combined total of $12.4 billion to invest in areas including renewable energy, transport and agriculture.
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Technological advances lower barriers to entry for spatial finance, study finds
16 July 2021Financial institutions are increasingly using 'spatial finance' data to assess climate risk after technological advances
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Central bank group to discuss incorporating biodiversity risks into policy frameworks
21 June 2021A study group examining how central banks can manage the threat posed by biodiversity loss to financial stability has set out its work agenda, which includes discussion of whether biodiversity risks should be incorporated into macroprudential policy frameworks and instruments.
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Eni SLB 'a step in the right direction' - but oil firms risk 'fairytale' net zero targets
09 June 2021The €1 billion ($1.2 billion) sustainability-linked bond (SLB) from Italian oil supermajor Eni - believed to be the first from an oil and gas firm - was described by investors as a "step in the right direction," but questions remain over its reliance on offsets and its ambition levels.
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Green bond comment, June 2021: Are oil and gas firms still locked out of the sustainable bond market?
02 June 2021The labelled bond market needs to start helping dirty issuers finance the transition, argues Peter Cripps
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Food systems: Investment risk and opportunity, Part one
02 June 2021Moving to more sustainable food production is necessary to cut GHG emissions and biodiversity loss - but assessing risk and opportunity can be hard, Michael Hurley writes