Stranded Assets

Taxonomies 'struggling to support the transition', webinar hears

Green taxonomies need to embed forward-looking, decarbonisation pathways to help catalyse the transition to a net-zero carbon economy, a webinar heard.

NZDPU expansion 'a major step to closing the data gap', says Carney

A free-to-use database of climate data will be expanded to cover 10,000 companies, based on their disclosures via CDP

IIGCC highlights opportunities in unlabelled debt

Unlabelled debt could play a greater role in decarbonising high-emitting and hard-to-abate sectors than labelled debt and green bonds, a discussion paper by the Institutional Investors Group on Climate Change (IIGCC) suggested.

ING updates net zero assessment approach

ING has added the dairy and aluminium sectors to its Terra approach for steering companies in its lending portfolio to net zero by 2050, and highlighted the steel and residential real estate sectors as requiring further work.

ING further restricts upstream oil & gas financing

ING has further tightened its restrictions on financing the oil and gas sector, although one NGO branded the development as being "of little value".

Aviva and Amundi score below average in analysis of climate transition plans

Zurich to drop oil and gas producers lacking credible transition plans by 2030

Zurich has unveiled its 2024 climate transition plan that sets interim targets and the strategy to achieve net-zero by 2050 across its insurance business, investments and operations.

Bloomberg launches transition plan credibility assessments

Bloomberg has launched a product it says can help investors judge the credibility of companies' transition plans and targets.

ETS deadlines risk facilitating 'brown zombie' European industry, ECB blog says

The impending increase in carbon emissions costs under the EU Emissions Trading System (ETS) will add to energy intensive firms' financial woes, potentially undermining their ability to invest in decarbonisation, a blog published by the European Central Bank (ECB) says.

One-in-three big emitters have 1.5°C-aligned targets - but none have detailed transition plan, says TPI

About 30% of the biggest corporate emitters of greenhouse gas emissions globally have long-term climate targets aligned with keeping warming to 1.5°C - but none have detailed plans on how to reach these targets, according to the Transition Pathway Initiative (TPI) Centre.

EXCLUSIVE: M&G to rebrand climate solutions fund as biodiversity

M&G Investments is rebranding its climate solutions fund as a nature and biodiversity fund, as it looks to capitalise on growing interest in the theme, Environmental Finance has learned.

Canadian transition guidelines could boost market, says BMO

Canadian guidelines on transition finance, which are expected to be released next month, could help make the country a leader in transition bonds, a leading underwriter believes.

G20 group calls for national transition plans ahead of COP29

Commission faces legal challenge over taxonomy criteria for aviation, shipping

The European Commission faces a legal challenge of its inclusion of aviation and shipping criteria in its sustainability taxonomy, after NGOs accused it of greenwashing.

Climate lobbying among most powerful levers to address 'frightening' climate risk - Railpen

Pushing oil and gas companies to align their climate lobbying with decarbonisation targets is one of the most powerful levers for addressing a "frightening" acceleration in climate risk in institutional investors' investment portfolios, according to Railpen.