Archive

National Wealth Fund must bridge UK transition financing gap, says Phoenix

The UK's National Wealth Fund needs to bridge the financing gap between transition-focused local infrastructure projects and institutional investors, one of the UK's biggest pension providers has argued.

Investors 'will continue' to push BP for climate plan clarity despite rejection

Investors who urged BP to give shareholders a 'say on climate' will continue to push the company for clarity on the issue, despite BP ignoring their pleas to do so at its annual general meeting on 17 April.

Investors worth £5trn push BP for a 'say on climate', amid concerns it will abandon 2030 target

A group of institutional investors has urged BP to hold a shareholder vote on its climate transition plans, amid "concern" at reports the oil and gas company will abandon a key decarbonisation target.

Standard Life pension fund is 'first' to go all-in on UK SDR

Standard Life says its default pension scheme will become the "first" to align with the UK's Sustainable Disclosure Requirements (SDR), as it intends to allocate its capital to eight funds adopting the 'Sustainability Improvers' label.

Zurich to drop oil and gas producers lacking credible transition plans by 2030

Zurich has unveiled its 2024 climate transition plan that sets interim targets and the strategy to achieve net-zero by 2050 across its insurance business, investments and operations.

Phoenix Group launches climate-aware benchmarks

Loan round-up: Verkor, Phoenix Tower International, H2O Innovation and more...

Boards need to upskill on nature, investor claims

Boardroom education is needed to help companies integrate nature-based considerations into decision making, a financial services firm told an Environmental Finance event.

Lack of nature-related scenarios a challenge for target setting, insurers say

While insurers increasingly consider nature and biodiversity in their investment programmes, leveraging the work done on climate to set targets on nature is not always an easy fit..

UK pensions taskforce tells regulators to consider requiring disclosures on social aspects