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Australia's biggest superfunds have been accused of greenwashing by campaign group Market Forces, for failing to engage effectively with high emitters.

Australia's largest superfunds are rapidly selling off stakes in fossil fuel companies, a Market Forces report has found.

The Commonwealth Bank of Australia (CommBank) is to face a shareholder resolution which calls on the bank to stop financing fossil fuel expansion.

The long-awaited climate strategy announced by UK lender Barclays has been described as "lacking ambition" and including "troubling loopholes" by climate investment campaigners.

HSBC has announced emissions reductions targets for 2030 covering pollution financed by its lending activities, which include a 34% cut in oil and gas emissions as well as 75% in the power and utilities sector.

An Indian port operator developing a coal terminal has sparked controversy after it raised $400 million from its debut sustainability-linked bond.

Former Bank of England governor Mark Carney has been criticised by more than 90 non-governmental organisations that the Glasgow Financial Alliance for Net Zero (GFANZ) that he chairs provides a means for banks to 'greenwash' their activities.

HSBC, Standard Chartered and Barclays have supported a combined $12 billion in fossil fuel financing in the first six months of 2021, which campaigners said undermines the climate pledges made by the lenders ahead of the COP26 climate summit in the country later this year.

Pressure has been building on BHP to exit its fossil fuel assets, but its proposed deal to shift its oil and gas assets to Woodside has been criticised - and considered 'disastrous' for Woodside shareholders and the environment. Ahren Lester reports