Japan's largest banks hit by shareholder climate action
Japan's six largest banks and energy companies have been hit by shareholder calls to disclose decarbonisation plans, over concerns that fossil fuel expansion will result in stranded assets.
Banks under fire for funding that threatens biodiversity
The world's largest banks have been named and shamed for continuing to fund activities that threaten the biodiversity of the planet.
Norwegian oil fund continues ESG engagement ahead of renewables push
The manager of the giant Norwegian sovereign wealth fund reported it was continuing to engage heavily with firms on environmental, social and governance (ESG) issues, but was yet to get off-the-mark in its renewable energy investments.
Major European banks provided large-scale financial support to coal industry
European banks including Barclays, BNP Paribas and Societe Generale loaned billions of euros to coal companies across the EU in 2019, according to a report.
Third of investor votes back Mizuho Financial climate resolution
More than a third of Mizuho Financial investors backed a ground-breaking shareholder resolution urging the Japanese bank to disclose its climate risks and publish a plan to align investments with the Paris Agreement.
Investor support for Mizuho Financial climate resolution grows
Mizuho Financial faces growing pressure as more investors back a shareholder resolution calling on the bank to disclose its climate risks and publish a plan to align investments to the Paris Agreement.
Siemens Gamesa inks medical research supporting bank guarantee
Wind turbine maker Siemens Gamesa signed an innovative €600 million bank guarantee line to cover the component construction for the world's largest offshore wind farm, with the premium on the deal used to finance a cancer research project.
Telenor signs €2bn sustainability-linked debt facility
Telenor has signed a €2 billion ($2.2 billion) sustainability-linked revolving credit facility (RCF) to refinance an existing credit facility.
Stimulus packages could give 'green lining' to coronavirus cloud
Governments have an opportunity to use their significant fiscal responses to the coronavirus pandemic to help rather than hinder long-term progress on climate action. Ahren Lester explains.