Archive

QBE joins UN Global Compact

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

Scottish Widows invests £2bn in BlackRock climate transition fund

Asset management giant BlackRock has launched a Climate Transition World Equity Fund with a £2 billion ($2.6 billion) investment from British pensions and insurance provider Scottish Widows, a subsidiary of Lloyds Bank.

Majority of Europe's largest companies still 'failing' in climate reporting

In 2019, more than three quarters of Europe's largest companies were not adequately reporting climate and environmental risks, according to the Climate Disclosure Standards Board (CDSB).

HSBC closes coal project funding loophole as pressure mounts

HSBC has closed a controversial loophole which allowed the bank to continue to fund coal projects in three countries, but campaigners continued to push for coal funding to be withdrawn altogether.

ShareAction: Banks 'tinkering around the edges' in response to climate change

Danske Bank and Intesa Sanpaolo have been named as the 'laggards' of the biggest European banks when it comes tackling climate change.

Barclays tightens climate policy amid shareholder pressure

Barclays has announced an ambition to be net-zero carbon emissions by 2050 across its lending activities, but campaigners are pushing for commitments to faster progress.

Major shareholder Jupiter supports Barclays fossil fuel funding resolution

Jupiter Asset Management has joined the swelling ranks of investors supporting a shareholder resolution calling on Barclays to phase out its funding for fossil fuel firms.

Lloyds excludes Arctic oil and gas exploration

Lloyds Banking Group has pledged to not support oil and gas exploration in the Arctic and Antarctic territories.

Malaysian banks fund coal power projects at expense of renewables

Malaysian banks continue to provide significant funding to coal power projects amid a rising number of international peers stepping back from such financing, according to a report by an Australian environmental pressure group.

People Moves 14 February: LGIM; Leapfrog; AllianceBernstein; Lloyds; Green Giraffe; and more