• BNP Paribas to halt participation in oil and gas conventional bond issuance

    14 May 2024

    French bank BNP Paribas has signalled that it will refrain from participating in conventional bond issues for companies in the oil and gas sector at its annual general meeting.

  • SBTi clarifies carbon credit stance amid staff unrest

    15 April 2024

    The Science Based Targets initiative (SBTi) has published a clarification on its stance on the use of environmental attribute certificates (EACs) - such as voluntary carbon credits - after criticism from staff and the industry.

  • SBTi board faces resignations and staff ire after change to carbon credit stance

    12 April 2024

    The Science-Based Targets initiative (SBTi) Board of Trustees has come under fire for changing its stance on corporate use of carbon credits for Scope-3 emissions reduction targets, which has been described as a "major departure" from existing policy.

  • 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".

  • French government warned against 'institutionalising' greenwashing in Label ISR

    31 October 2023
  • 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.