Archive

Asian firms overtake US on emissions disclosure, says Arabesque

The proportion of Asian companies reporting carbon emissions has jumped above that of US firms in 2019, according to a report by sustainability-focused asset manager Arabesque, although European corporates continue to lead.

$20trn of investors urge firms to set science-based targets

First green bond to secure drinking water by buying forests proposed

Central Arkansas Water (CAW) is preparing an innovative $31 million US municipal green bond, believed to be the first to buy and protect forests in order to secure clean drinking water.

Science Based Targets initiative launches financial sector framework

Science Based Targets initiative (SBTi) has launched its "breakthrough" pilot framework for financial institutions to set science-based climate targets, but campaigners were "disappointed" and "disturbed" by what they perceive to be shortcomings.

Net zero transition to cost $1-2tn a year, say energy companies

Achieving net-zero emissions worldwide by 2050 will cost $1-2 trillion a year, around 1.5% of global GDP, according to a report from coalition The Energy Transitions Commission (ETC).

CFTC: Climate change poses 'major risk' to US financial system

A report from a subcommittee of US federal regulator the Commodity Futures Trading Commission (CFTC), has found that all US financial regulators must recognise that climate change poses 'serious emerging risks' to the national financial system.

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.

Environmental groups target US corporates for climate change action

Eleven environmental groups have sent an open letter to the CEOs of US businesses urging them to step up their action on climate change.

Global Commission on Adaptation urged to develop climate risk tools

The Global Commission on Adaptation (GCA) has been urged to consider funding the development of climate data risk analysis tools for investors, in a report that says it could help solve one of the biggest barriers to investment in climate adaptation measures.

EIB provides €16bn in ‘climate action’ lending in 2018

The European Investment Bank (EIB) lent a combined €16.1 billion ($18.2 billion) – 29% of its overall lending – to ‘climate action’ projects in 2018.