Archive

'New era' for sustainability reporting as IFRS unveils standards

Standards that can provide a "common language" for sustainability-related disclosures have been published, "ushering in a new era" for companies and investors globally, according to the International Financial Reporting Standards (IFRS) Foundation.

BP faces shareholder rebellion over climate action climbdown

BP is to face a growing shareholder backlash at its AGM today over concerns the oil giant is scaling back its climate ambition.

Spate of climate litigation takes aim at oil, gas, cement and nuclear

A spate of climate-related litigation has been launched that proponents say will increase companies' accountability for their contribution to climate change and prevent 'greenwashing'.

Forestry investment to see 'huge growth' despite challenges, says pension fund

Forestry investment will surge over the next year as corporates seek to offset their greenhouse gas emissions, but the sector brings numerous challenges, UK pension fund Cushon has said.

TPI reveals food companies not aligned with 1.5°C

The medium-term greenhouse gas emissions targets of food producer giants Kraft Heinz and Mondelez are not aligned with a pathway...

Investors fear 1.5 may not be alive

Investors are questioning the validity of 1.5°C targets and scenarios after a 'disappointing' COP27, writes Peter Cripps

Nest, GLIL invest £400m in UK offshore wind farm

Nest, UBS ditch oil and gas giants over carbon risks

Nest and UBS Asset Management have sold their shares in five energy companies, including Exxon Mobil.

Nestlé dropped from DJSI 'after reporting review'

Nestlé has blamed its removal from the S&P Dow Jones Sustainability Indices (DJSI) on a review of its sustainability reporting.

Asset owners commit to net zero

The owners of trillions of assets have made net-zero commitments - but what do they actually mean, asks Thomas Cox