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HSBC faces criticism after Paris-aligned finance pledge
09 October 2020Banking giant HSBC has become the latest bank to commit to align its financed emissions - the carbon emissions of its portfolio of customers - to the Paris Agreement goal to achieve net zero by 2050 or sooner.
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Hydrogen's explosive potential to green the economy
09 October 2020'Green' hydrogen promises many benefits to help decarbonise our economies, but it may need EU carbon prices to be five times higher by 2030. Ahren Lester reports.
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ESG news round-up: Calvert joins Morgan Stanley; CofE drops ExxonMobil; HSBC in net-zero pledge
09 October 2020 -
Green and sustainability-linked loan round-up: Colombina and Eureden
08 October 2020Confectionery and food maker signs first sustainable loan in Colombia
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Science Based Targets initiative launches financial sector framework
01 October 2020Science 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.
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26 firms commit to biodiversity impact and disclosure pledge
25 September 2020A pledge to set targets and reporting on biodiversity, and pressure world leaders to reverse nature loss has been signed by 26 financial firms managing over €3 trillion ($3.5 trillion) in assets, including Axa, HSBC Global Asset Management and Robeco.
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Climate stocks shine in year of Covid-19, says HSBC
24 September 2020Companies that earn revenues by providing climate solutions have consistently outperformed in a year marked by the coronavirus pandemic, according to research from HSBC.
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Novartis issues first Sustainability-linked Bond with social targets
17 September 2020Swiss pharmaceutical company Novartis has issued a €1.85 billion ($2.2 billion) sustainability-linked bond (SLB) - the first SLB to incorporate social targets.
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Net zero transition to cost $1-2tn a year, say energy companies
16 September 2020Achieving net-zero emissions worldwide by 2050 will cost $1-2 trillion a year, around 1.5% of global GDP, according to a report from coalition The Energy Transitions Commission (ETC).
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EU targets €225bn green bond issuance amid strengthened climate push
16 September 2020The EU said it intends to raise 30% of its €750 billion ($890 billion) Next Generation EU (NGEU) recovery fund through the issuance of green bonds, as it boosted its greenhouse gas (GHG) emissions reductions target for 2030.