Archive

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.

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.

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.

Lloyds Bank introduces £2bn clean growth finance scheme

Lloyds Banking Group is offering a £2 billion ($2.7 billion) funding scheme to support companies that invest in the transition to a low-carbon economy.