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News round-up: US sustainable investment boom, human rights disclosure fail, CIP, and more...

News round-up: Nordic investors set up energy transition fund, WTW buys Acclimatise ... and more

$5trn of investors set 'unprecedented' 1.5°C emissions target

Some of the world's largest investors, with a combined $5 trillion in assets, have pledged to implement deep greenhouse gas (GHG) emissions reductions in their portfolios over the next five years, putting them on course to help limit global warming to 1.5°C.

Storebrand excludes 27 firms as it tightens climate policy

Norwegian asset manager Storebrand has tightened its climate policy significantly, which will see it exclude 27 firms including oil majors Chevron and ExxonMobil, miner Rio Tinto and chemicals giant BASF.

Task Force on Nature-related Financial Disclosures working group announced

Ten financial firms have joined a working group to develop a reporting framework for the impact of the financial sector on biodiversity and ecosystems to complement the Task Force on Climate-related Financial Disclosures (TCFD).

Asset managers pressurise Brazil to ban Amazon fires

Work by asset managers sets 120-day ban following 34% increase in Amazonian deforestation this year

Investor support for Mizuho Financial climate resolution grows

Mizuho Financial faces growing pressure as more investors back a shareholder resolution calling on the bank to disclose its climate risks and publish a plan to align investments to the Paris Agreement.

Strong performance for green, social and sustainability bond funds in 2019

After a torrid 2018 green, social and sustainability bond funds experienced a stronger performance in 2019, off the back of a rallying fixed income market. But performances were highly variable, reports Ahren Lester.

Investors up pressure on IEA to tighten climate scenarios

A group that includes Nordea, Zurich Insurance, Folksam, Alecta and Storebrand has pressured the International Energy Agency (IEA) to provide a “better analysis” of what it takes to restrict global warming to 1.5°C above pre-industrial levels.

Pension funds and insurers commit to carbon-neutral investments by 2050

The newly launched alliance is responsible for $2.4trn in investments