Archive

RBS targets halving emissions from financing activity by 2030

The UK's Royal Bank of Scotland Group (RBS) pledged to halve the climate activity of its financing activity by 2030 - although it admitted that it does not know how it will achieve the goal.

Lloyds targets halving emissions from loan book by 2030

UK’s Climate Financial Risk Forum to produce guidance on climate risk

The Climate Financial Risk Forum (CFRF) – a new UK body comprising insurers, banks and asset managers – aims to produce practical guidance to address climate-related financial risks.

ClimateWise launches practical guides to scenario analysis

New and updated tools have been launched to help Investors use scenario analysis to understand how climate risks could affect their investment portfolios.

CISL to launch open-source tool to assess infrastructure transition risk

The Cambridge Institute for Sustainability Leadership (CISL) is preparing to launch a modelling tool to assess how the transition to a low-carbon economy will impact the financial performance of infrastructure investments.

ShareAction publishes recommendations for banking engagement

NGO ShareAction has published a list of climate-related themes on which investors can engage banks.

Private sector lagging on climate disclosure, report claims

Private sector asset owners tend to be less prepared than their public sector counterparts to make voluntary public statements and disclosures related to climate change, a report has claimed.

Lloyds Bank to stop financing new coal plants

Lloyds Banking Group will not fund new coal-fired power stations or thermal coal mines, or bank new clients which derive most of their revenue from such operations, it has said.

London launches £500m public/private energy efficiency fund

A £500 million ($667 million) fund, backed by public and private capital, has been launched to improve the energy efficiency of public buildings and small businesses in London.

New report aims to help companies disclose physical climate risks

The disclosure of physical climate risks has received less attention than reporting transition climate risks, it was claimed at the launch of a report that aims to help redress the balance.