-
Australian superfunds 'dumping fossil fuel stakes'
19 October 2022Australia's largest superfunds are rapidly selling off stakes in fossil fuel companies, a Market Forces report has found.
-
Munich Re to refuse coverage for new oil and gas fields
07 October 2022Munich Re is to stop insuring and investing in projects for new oil and gas fields, midstream oil infrastructure and oil-fired power plants, in a bid to meet Paris Agreement climate targets.
-
Carbon capture and offsets are 'fake solutions'
22 September 2022Investors must help businesses prepare for net-zero world and the renewable energy take-over, instead of relying on "fake solutions" such as carbon capture and storage (CCS) or carbon offsets, an Environmental Finance webinar heard.
-
HESTA: Divestment remains last resort for four climate 'watchlist' firms
09 September 2022HESTA said divestment on climate grounds from four energy firms it has warned of intensified engagement is its option of last resort - but remains possible if their response to engagement is "insufficient".
-
HESTA warns four energy firms of potential climate-related divestment
06 September 2022HESTA has warned four energy firms they face heightened scrutiny and potential divestment due to their lacklustre decarbonisation strategies, as the Australian pension fund announced a strengthened 2030 decarbonisation target.
-
G7 companies heading for 2.7°C of warming, says CDP
06 September 2022Companies based in the G7 are collectively aligned with a scenario that would see 2.7°C of global warming, according to analysis of their emissions reduction targets by CDP.
-
Japanese banks' portfolios misaligned with Paris Agreement, says 2DII
23 August 2022Japanese banks' loan books are misaligned with the Paris Agreement, said a paper written by the 2 Degrees Investing Initiative (2DII) and released by the Financial Services Agency (FSA)'s Finance Research Center.
-
SBTi rules out mandating annual target reviews
22 August 2022The Science Based Targets initiative (SBTi) has told Environmental Finance it will not mandate companies to annually review emissions reductions targets and has ruled out setting a universal base year against which to benchmark reductions.
-
$8.9trn investors back sustainable water initiative
16 August 202264 global institutional investors, representing $8.9 trillion assets under management, have committed to engage with companies on sustainable water usage, in what was billed as a first-of-its-kind initiative.
-
Transition methodologies failing to meet Paris Agreement, academics warn
11 August 2022Existing methodologies commonly used by companies, investors and regulators for calculating transition pathways are failing to accurately reflect the Paris Agreement goals, with academics warning that most business will consequently fail to reduce their greenhouse gas (GHG) emissions in time.