Corporate transition finance framework 'common ground' project launched
The Climate Bonds Initiative (CBI) has published an initial mapping of transition finance frameworks as part of a collaborative project to "demystify" the topic for corporates amid a proliferation of frameworks.
Focus on banking transition plans as priority, IIGCC recommends
A proposed 'gold standard' for company and investor net-zero transition planning should prioritise the banking sector, according to a €51 trillion ($52 trillion) group of institutional investors.
BP to support CA100+ shareholder resolution
Oil and gas giant BP is set to broaden its corporate reporting to describe how its strategy is consistent with the goals of the Paris Agreement, after it committed to supporting a Climate Action 100+ (CA100+) shareholder resolution.
$3trn of investors launch pilot group on TCFD
Nine investors representing around $3 trillion of assets have joined forces to promote climate transparency.
Oil companies beginning to act on climate change, says report
Some of the largest global oil and gas companies such as Statoil, Eni and Total are beginning to act on climate change. However, laggards like ExxonMobil are considerably behind these companies, according to a report from major investors.
Investors with $15trn in AUM call on global governments to implement Paris Agreement
Investors representing more than $15 trillion in assets under management (AUM) have written to the governments of G7 and G20 countries calling on them to support and implement the commitments of the Paris Agreement, to limit global temperature increase to less than 2°C.
Public/private-sector coalition formed to promote green investment opportunities
Investors, asset managers, government bodies and others have formed an alliance to promote investment opportunities in green infrastructure.
Bioenergy standards proposed
Bioenergy standards for projects eligible for funding from green bonds have been released, and cover social impacts as well as environmental ones.
IIGCC joins Climate Bond Standards board
The Institutional Investor Group on Climate Change (IIGCC) has added its weight to an initiative to agree standards for the rapidly growing green bonds market.