Archive

Campaigner criticises 'lack of urgency' in M&G coal exit policy

News Round Up: Amundi, NGFS, Manulife, PGIM, and more

Reports claims NGFS must revise climate scenarios to drive decarbonisation in financial sector

Don't wait for regulation to act on climate, EC director tells insurers

While insurers want policy makers' help to tackle climate change, they have been told not to wait for regulation to act. Meanwhile, climate activists have urged regulators and legislators to step in, as they have no confidence in the industry's ambitions

French central bank tightens fossil fuel exclusions for €22bn portfolio

The Banque de France (BdF) has tightened the fossil fuel company exclusions applied to its own investment portfolio worth €22 billion ($27 billion), but campaigners called on the bank to "apply the same level of ambition to the immediate decarbonization of the European Central Bank's (ECB) monetary policy".

Environmentalists highlight shortfalls in Allianz's climate targets

Calling on divestment from polluting companies and greater details on engagement strategy

Axa calls for UN climate underwriting alliance

Axa has proposed the insurance industry should cooperate to reduce the negative climate impact of its underwriting, ahead of the planned UN Climate Change Conference (COP 26) in November 2021.

Banks' fossil fuel commitments accelerate as pressure intensifies

Oil majors accused of using CA100+ as 'fig leaf' to disguise inaction

Oil supermajors have been accused of using joint statements with investor initiative Climate Action 100+ (CA100+) as a means to disguise limited action on emissions reductions.