Archive

Carney: Some fossil fuel investment justified

The transition to a net-zero carbon economy requires "nothing short of a revolution", although some limited investment in fossil fuels is justified in the short term, Mark Carney has said.

GFANZ lamented for 'no clear signs it has achieved anything'

A group of civil society organisations has written to Michael Bloomberg and Mark Carney to demand the $138 trillion financial sector coalition they co-chair to step up its game, in a letter that complained the initiative had shown no signs that it has achieved anything.

Tokio Marine joins Net-Zero Insurance Alliance

Physical risks from warming a "prudential issue" for Asia's regulators, says Japan's FSA

Impact: areas to watch in 2022

Big-name players demonstrate the growing appeal of impact strategies - but calls for more credible evidence of impact continue to grow, Michael Hurley writes

COP26 outcome suggests private finance left to pick up climate slack

The final text of the climate agreement by countries at the UN climate summit in Glasgow represents only incremental progress on previous conferences and leaves considerable slack for private finance to pick up on the path to net zero, according to commentators.

People Moves 5 November: Mike Bloomberg, PRI and more...

Michael Bloomberg joins Mark Carney as Co-Chair for GFANZ

Canada's six largest banks join Net-Zero Banking Alliance

Six of Canada's largest banks have joined the global Net-Zero Banking Alliance...

TCFD-based guidance targets overhaul of 'opaque' portfolio alignment models

Best practice guidance for the financial sector to assess future alignment of investment and lending with the goals of the Paris Agreement

GFANZ calls on G20 to restructure financial system

The Glasgow Financial Alliance for Net Zero (GFANZ) has called on the G20 to green the global financial system