LGIM: First in a series of 'net zero' credit fund launches
Legal & General Investment Management (LGIM) said the launch of its 'net zero' corporate bond fund will be the "first in a series" of 'net zero' credit funds, amid "significant" interest from institutional investors.
Investor, corporate action essential after IPCC 'now or never' climate warning
Urgent action is needed from investors and corporates to recognise climate risks and deliver on net-zero transition plans, as scientists warn it is "now or never" for achieving the goals of the Paris Agreement.
IPCC report 'highlights need for adaptation finance'
The latest report from the UN's Intergovernmental Panel on Climate Change (IPCC) laid bare the pressing need to invest in adapting to the physical impacts of a warming planet.
FAIRR asks G20 to set agricultural emissions targets in NDCs
The FAIRR Initiative has asked the G20 nations to set targets for reducing their greenhouse gas (GHG) emissions in agriculture
Physical climate risk disclosure initiatives still lacking, says WRI
Climate risk disclosure initiatives are still lacking in their coverage of several key physical risks, according to a report by the World Resources Institute (WRI), resulting in firms not being fully equipped to assess their exposure to these hazards.
AP2 divests fossil fuel firms amid EU Paris-alignment pledge
Swedish public pension fund AP2 will exit its equity and bond holdings in fossil fuel firms, in a push to become the first asset owner to align its portfolio with the EU Paris-aligned benchmark (PAB).
EU climate benchmarks complete regulatory journey
Two closely watched EU climate benchmarks intended to address the risk of 'greenwashing' are set to come into force before the end of 2020 after officially entering the official journal of the bloc.
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.