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'Even leading banking practices fail basic climate, biodiversity tests' - ShareAction

Most of Europe's largest banks have targets to reduce their greenhouse gas emissions to net zero - but very few banks have taken concrete steps to achieve this and even leading practices in the sector fail "basic" quality tests, according to research by non-profit ShareAction.

State Street among supporters of 'sustainable infrastructure' label

A label for 'sustainable infrastructure' has been backed by the Sustainable Markets Initiative's Financial Services Taskforce (FSTF)...

News round-up: Sarasin, ABI, Green Finance Institute and PwC

Green Finance Institute launches Coalition for the Decarbonisation of Road Transport

News round-up: NGFS, G7, Moody's, DeSmog, and more

Majority of Europe's bank directors 'too compromised' to end fossil fuel finance

Scottish Widows urges £2.5trn UK pension industry to urgently close 'green gap'

Scottish Widows has urged other UK pension funds to help close the £2.2 trillion ($3 trillion) 'green gap' following its announcement of strengthened climate targets, arguing the "steady progress" on climate being made by the industry was "not fast enough".

UK social impact investment market passes £5bn

The UK's market for social impact investments jumped a fifth in 2019 to about £5.1 billion ($6.7 billion) in total, according to research by Big Society Capital.

Principles for financing green home retrofitting launched

The UK's Green Finance Institute (GFI) has launched the Green Home Retrofit Finance Principles (GHRFPs), backed by institutions including Lloyds Bank and NatWest, which until recently was known as RBS.

QBE joins UN Global Compact

Australia's QBE Insurance Group (QBE) has become a signatory of the UN Global Compact.