Archive

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.

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the bank to continue to fund coal projects in three countries, but campaigners continued to push for coal funding to be withdrawn altogether.

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

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.