Archive

Shell sets first short-term climate targets

Oil major Shell has set short-term targets to reduce its carbon emissions for the first time, in a move that has been welcomed by investors as a significant landmark for climate-related engagement.

FC4S launches Africa platform

The UN-backed Financial Centres for Sustainability (FC4S) network has launched an African platform.

BNP Paribas asset management arm plans €1bn coal divestment

BNP Paribas Asset Management plans to exclude about €1 billion ($1.1 billion) of stocks in thermal coal companies, as part of a new exclusion policy the firm hopes will help it align with the Paris Agreement goals.

Sustainalytics is biggest external reviewer in 2018

Sustainalytics was the biggest provider of external reviews in the green, social and sustainability market in 2018, according to an analysis by Environmental Finance.

Green bond round-up: Société du Grand Paris, Duke Energy, ReNew Power, Kommuninvest, World Bank, Santa Fe

Political rifts foil EU taxonomy definition of ‘brown’ activities

An effort to define criteria for economic activities with a negative environmental impact within the EU’s sustainability taxonomy has been thwarted by political divisions in the European Parliament.

Zurich reports under new impact measurement framework

Zurich Insurance Group, with the help of BlackRock, has developed a "first of its kind" impact measurement framework that allows it to aggregate two key environmental and social metrics across different asset classes.

One-stop shop green securitisation service launched

A service has been launched to help boost the issuance of green securitisations.

Mapfre to stop underwriting coal

Mapfre’s new policy on insuring the coal industry has been welcomed by climate activists, although they pushed for it to take more radical action.

UK’s Climate Financial Risk Forum to produce guidance on climate risk

The Climate Financial Risk Forum (CFRF) – a new UK body comprising insurers, banks and asset managers – aims to produce practical guidance to address climate-related financial risks.