IIGCC to step up pressure on banks to demonstrate action on net zero
A group representing investors with €65 trillion ($70 trillion) in assets under management has published a set of expectations for banks, as they push for more details on how banks will act on pledges to achieve net zero emissions.
Engage countries on economic freedoms to bring ESG benefits, says MSIM
Investors are "less credible" when engaging with policymakers on ESG, and should focus instead on improving economic freedom, Morgan Stanley Investment Management (MSIM) told Environmental Finance.
Morgan Stanley invests in Indian agriculture supply chain manager
ERAFP hands SRI bond mandates to Axa IM, MSIM
Six US banks to pilot Fed-led climate scenario analysis
The US Federal Reserve has revealed that six of the largest US banks are to participate in a pilot exercise to study their ability to manage climate-related financial risks, in a significant development for the financial stability supervision framework in the world's largest economy.
10 US asset managers emit 3bn oil barrels a year
The annual financed emissions of 10 of the largest US asset managers are equivalent of three billion oil barrels, a report has said,...
COP26 outcome suggests private finance left to pick up climate slack
The final text of the climate agreement by countries at the UN climate summit in Glasgow represents only incremental progress on previous conferences and leaves considerable slack for private finance to pick up on the path to net zero, according to commentators.
Ground-breaking BlackRock public-private EM climate fund exceeds target
BlackRock has announced its flagship public-private financing Emerging Market (EM) climate infrastructure investment fund has raised more than $670 million...