Archive

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.

Lloyds targets halving emissions from loan book by 2030

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.

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.

‘Worryingly complacent’ UK pension funds neglect climate risk

Some of the largest pension funds in the UK are ‘worryingly complacent’ about the risks posed by climate change to investments, according to the Environmental Audit Committee (EAC).