Fossil fuels to be excluded under 'ambitious' French sustainable fund label overhaul
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
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
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
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
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
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
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
And will require 'net-zero by 2050' commitment from hydrocarbon producers