2023: A pivotal year to progress sustainability commitments
Companies need to accelerate their sustainability efforts to help limit global warming, while adaptation also needs to rise up the agenda, says James Robey
ESG data developments key to financing climate adaptation, says Cervest
Developments in computer analysis to model the climate vulnerability of assets will be key to scaling up investment in adaptation measures, according to Cervest.
Insurers behind the curve on climate resiliency
Capgemini says only 8% surveyed insurers on course to achieve climate resiliency
News Round Up: PGE, Access To Medicine, S&P Global Platts, and more
PGE pressures EU for inclusion of gas in green taxonomy
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.
Private wealth firms encouraged to develop impact, ESG products
Managers of private wealth, including family offices and high-net-worth individuals (HNWIs), have been encouraged to develop more products that focus on creating positive impact or that incorporate environmental, social or governance (ESG) considerations.
Four in five EU coal plants 'now running at a loss'
Financial think tank Carbon Tracker estimates that four in five EU coal power plants are unprofitable, and utilities could lose €6.6 billion ($7.3 billion) in 2019 as a result.
Santander criticised for investments in Polish coal expansion
Spanish banking giant Santander has faced criticism for its investment in Polish state-run energy group PGE and Energa Group.
Coal utilities boosted by €16bn since Paris Agreement, say NGOs
Eight financial institutions have given Europe's 'most polluting utilities' almost €16 billion ($17 billion) in support since the Paris Agreement was signed in December 2015, a new briefing by NGO Europe Beyond Coal has found.