Banking on net zero ... by 2050
The Net Zero Banking Alliance has attracted some of the world's biggest lenders. What has been achieved so far, asks Thomas Cox
Second UK green bond secures largest sovereign oversubscription
The UK has issued the sovereign green bond with the longest tenor after it raised £6 billion ($8.3 billion) from its second issue, with the transaction more than 12-times oversubscribed by investors.
'Even leading banking practices fail basic climate, biodiversity tests' - ShareAction
Most of Europe's largest banks have targets to reduce their greenhouse gas emissions to net zero - but very few banks have taken concrete steps to achieve this and even leading practices in the sector fail "basic" quality tests, according to research by non-profit ShareAction.
Banks with $29trn in assets pledge to set 2050 'net zero' targets
A group of banks with about $28.5 trillion in assets has joined a UN-convened 'Net Zero Banking Alliance', and in doing so pledged to "align operational and attributable emissions from their portfolios with pathways to net-zero by 2050 or sooner".
Landmark Italian green bond ten-times oversubscribed
Italy has issued the largest ever sovereign green bond with its €8.5 billion ($10.2 billion) maiden green note, which was nearly ten times oversubscribed by investors.
Investors back Sustainability Reporting Standard for Social Housing
A Sustainability Reporting Standard for Social Housing has been published with support from a group of UK-based investors including M&G, Insight and Legal & General.
UK social impact investment market passes £5bn
The UK's market for social impact investments jumped a fifth in 2019 to about £5.1 billion ($6.7 billion) in total, according to research by Big Society Capital.