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Cautious optimism as banking regulators hold firm on climate risk work
13 May 2025The outcome of a meeting of the global banking regulators on the Basel Committee was "not as bad as it could have been" with regard to their climate-related financial risk activities, but there remains uncertainty about the future of some of its significant projects.
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NZBA ditches requirement to target 1.5°C alignment to give banks more 'flexibility'
15 April 2025The Net-Zero Banking Alliance (NZBA) has approved changes to its framework to no longer require targeting 1.5°C alignment - instead allowing members to choose from "a wider range of net-zero pathways ... to limit global temperature rise to 'well below 2°C' and to strive for 1.5°C".
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Asset manager support for ESG resolutions slumps, says ShareAction
18 February 2025Responsible investment charity ShareAction has found asset manager support for environmental & social-focused resolutions has dwindled over the past year.
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Raise insurers' capital requirements for fossil fuel assets, EU urged
12 February 2025 -
Business needs clarity on EU omnibus proposals, NGOs tell von der Leyen
14 January 2025 -
NZBA should be 'more ambitious' amid bank departures, says ShareAction
08 January 2025The Net-Zero Banking Alliance (NZBA) needs to 'set more ambitious standards' in response to the departure of major US banks in the past month, an NGO has claimed.
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Investor group sounds alarm as GFANZ drops Paris alignment requirement
03 January 2025The decision by the Glasgow Financial Alliance for Net Zero (GFANZ) to broaden its membership requirement to include institutions that want to mobilise capital for the transition to a net-zero economy has raised concerns over its members' commitments to tackling climate change.
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Creation of EU sustainability labels will tackle SFDR greenwashing, prospective commissioner says
07 November 2024"Greenwashing" facilitated by misuse of the Sustainable Finance Disclosure Regulation (SFDR) could be tackled with the creation of sustainability labels, the prospective European Commissioner for financial services has suggested.
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'Robust escalation strategies' needed on biodiversity, says ShareAction
10 September 2024Investors have been urged to tackle biodiversity risk in their portfolio in a ShareAction report, which calls for 'robust" escalation strategies, including divestment.
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ShareAction calls for stronger asset manager approach to fossil fuels
18 June 2024Asset managers must take a more robust approach to fossil fuel -producing companies, according to a new paper from ShareAction, as current policies could harm the transition to a lower-carbon economy.