Archive

Investor group urges banks to set enhanced net zero targets

News round-up: TCFD, John Kerry, Legal and General, Church of England, and more

RAN fossil fuel investigation shows massive continued financing from banks

Global banks supply $800m a day to plastics supply chain

The amount of money that banks have pumped into the global plastics supply chain has been tracked in a new report

Banks under fire for funding that threatens biodiversity

The world's largest banks have been named and shamed for continuing to fund activities that threaten the biodiversity of the planet.

Bank of America becomes third US lender to join carbon accounting initiative

Bank of America (BoA) has joined the Partnership for Carbon Accounting Financials (PCAF), the third major US lender to join the initiative in the past week, as pressure builds on financial institutions to tackle the emissions of their lending and investment portfolios.

Rocky Mountain Institute launches climate finance centre with US banks

The Rocky Mountain Institute (RMI) has launched a research centre to help shape the role that the financial industry has in driving the transition to a low-carbon economy, with four major US banks collaborating on the project

Ford Foundation to issue $1bn in social bonds in response to Covid-19

The Ford Foundation is set to issue bonds worth $1 billion with a 'social' label, in a departure from the organisation's usual avenues of fundraising, according to a report by The New York Times.

Deutsche Bank sets 'ambitious' sustainability targets

Deutsche Bank outlined targets which will see the German lender boost sustainability assets to over €200 billion ($217 billion) by 2025 and issue its first green bond.

US Solar Fund acquires 128MW project

Renewables asset owner US Solar Fund (USF) has acquired a 128MW solar farm in Utah, US, from solar developer Longroad, investing $30 million for 100% of the equity of the Milford Solar Project.