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Coal companies struggling to finance transition, says Fitch
27 June 2023Many coal companies in Asia are struggling to raise finance to transition their businesses, while coal is still seen as a strong opportunity, Fitch has said.
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Church Commissioners for England renounces oil and gas majors
22 June 2023Church Commissioners for England has divested 11 oil and gas firms, including BP, Shell and Total, because of their lack of action to address climate change.
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Shell 'in denial' about global transition, warns PIRC
19 June 2023Shell is "in denial" about the global transition to net zero, proxy advisor PIRC told Environmental Finance following the oil giant's rowback on fossil fuel production targets.
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Renewables may benefit from a 'climate put' unappreciated by investors, says UBS
15 June 2023Renewables developers could be set to benefit from a "climate put" option, thanks to strong policy support, UBS has suggested in a note.
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ESG materiality index outperforms in first year
14 June 2023An ESG index focused on materiality and transition has outperformed its parent index in the year since its launch.
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Just Climate smashes fundraising target, with $1.5bn, and eyes nature fund next
08 June 2023Generation Investment Management's Just Climate said its inaugural fund has raised $1.5 billion, exceeding its $1 billion target, and is mulling raising a separate fund focused on nature.
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Global plastics treaty 'must focus on finance'
06 June 2023A planned treaty on plastic pollution will need to put finance at its core in order to be successful, an investor has argued.
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GFANZ APAC launches consultation on managed coal phase out
05 June 2023The Asia Pacific chapter of the Glasgow Financial Alliance for Net Zero (GFANZ) has published guidance for financing the early retirement of coal-fired power plants.
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NZIA exodus continues as Allianz, Axa and Scor depart
26 May 2023Allianz, Axa and Scor have withdrawn from the Net-Zero Insurance Alliance (NZIA), taking the total number of departures from the coalition to seven.
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Phoenix unveils net-zero transition plan
25 May 2023The UK life insurer sets out five key targets to reach interim targets