Archive

  • Fossil fuels to be excluded under 'ambitious' French sustainable fund label overhaul

    07 November 2023

    Companies generating energy using coal or developing new oil or gas projects are to be excluded from France's sustainability fund label in updates designed to make the Label ISR "more ambitious".

  • SocGen launches €1bn transition fund, stricter fossil-fuel targets

    18 September 2023

    French bank Société Générale is targeting reducing its oil and gas exposure by four-fifths by 2030 as well as launch a €1 billion ($1.1 billion) transition fund.

  • NZAOA says no to new O&G projects, but is less clear on O&G companies

    30 March 2023

    The Net-Zero Asset Owner Alliance (NZAOA) said it expects its $11 trillion of investor members to stop investing in new oil and gas projects, but its guidance was criticised for being less specific on oil and gas companies.

  • Vanguard exit could be opportunity to 'clarify aim' of net-zero initiative

    08 December 2022

    The withdrawal of Vanguard from the Net Zero Asset Manager initiative (NZAM) could be a great opportunity for the initiative to clarify its aim and push members for greater action on passive assets, a campaigner told Environmental Finance

  • GFANZ drops requirement to align with UN Race to Zero campaign

    28 October 2022

    The Glasgow Financial Alliance for Net Zero (GFANZ) has scrapped its requirement for members to align with a campaign requiring a fossil fuel phase-out.

  • NZAOA members 'nibbling around' climate emergency

    26 September 2022

    Members of the Net Zero Asset Owner Alliance (NZAOA) need to do more to tackle their impact on absolute greenhouse gas emissions, including from oil & gas and coal, non-profit Reclaim Finance has said.

  • GAM sets 2030 decarbonisation targets for $12.5bn portion of assets

    07 September 2022

    Swiss asset manager GAM Investments has set decarbonisation targets for 36% of its investment management assets - but said methodology and data issues restricted it from setting comprehensive targets.

  • Allianz to halt investments in new oil and gas fields

    03 May 2022

    And will require 'net-zero by 2050' commitment from hydrocarbon producers