Opening the black box of sovereign debt and climate risks
Sovereign debt investors are ready to use the first-of-its-kind Ascor tool to assess countries' climate progress, Adam Matthews and Esther Law tell Michael Hurley
ASCOR to assess countries based on contribution to $100bn climate finance goal
A first-of-its-kind free tool to help bond investors assess countries' climate progress has been launched that will see investors rate sovereigns on factors including their contribution to the problem and the finance they commit to address it, following changes to its draft methodology.
UK prime minister under fire from industry for weakening climate policies
UK prime minister Rishi Sunak announced he would delay a ban on the sales of new petrol and diesel cars and the phasing out of gas boilers, drawing a wave of criticism from investors and corporates who say the move harms plans for the transition.
Church of England Pensions Board leaves NZAOA
The Church of England Pensions Board has left the UN-convened Net-Zero Asset Owner Alliance (NZAOA), citing the need to maintain "a clear focus on one net zero initiative".
IIGCC publishes oil and gas standard
The Institutional Investors Group on Climate Change (IIGCC) has published a framework to help investors assess how aligned an oil and gas company's transition plan is with a 1.5°C climate scenario.
UK pension schemes' social dilemma
The UK government is setting up a taskforce for social factors in pension fund investing. Michael Hurley asks what impact it could have
Gap growing between climate leaders and laggards in heavy industry
The steel sector is pulling ahead of its peers in climate target-setting and alignment, Adam Matthews writes
Investors urged to pressure banks on slow climate progress
An assessment revealing that large banks are "a long way" from aligning with a 1.5°C warming scenario should be used by investors to push for more aggressive action to cut emissions, according to an influential investor group.
TPI launches high-emitting decarbonisation pathways
The Transition Pathway Initiative (TPI) has published decarbonisation pathways to 2050 for 10 high-emitting sectors in energy, transport and industrials, in a single report it says will enable comparison of progress between sectors.