GFANZ drops requirement to align with UN Race to Zero campaign
The Glasgow Financial Alliance for Net Zero (GFANZ) has scrapped its requirement for members to align with a campaign requiring a fossil fuel phase-out.
NZAOA members 'nibbling around' climate emergency
Members of the Net Zero Asset Owner Alliance (NZAOA) need to do more to tackle their impact on absolute greenhouse gas emissions, including from oil & gas and coal, non-profit Reclaim Finance has said.
GAM sets 2030 decarbonisation targets for $12.5bn portion of assets
Swiss asset manager GAM Investments has set decarbonisation targets for 36% of its investment management assets - but said methodology and data issues restricted it from setting comprehensive targets.
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.
Insurers begin long countdown to net zero - part two
Some of the world's biggest insurers have joined the Net-Zero Insurance Alliance. But should they still be underwriting fossil fuels, asks Thomas Cox
Insurers begin long countdown to net zero
Some of the world's biggest insurers have joined the Net Zero Insurance Alliance. What challenges have they confronted so far, asks Thomas Cox
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.