News

• PRI ejects first five signatories for failing minimum standards

  29 September 2020

  The UN Principles for Responsible Investment (PRI) has for the first time booted out five signatories for failing to meet the minimum requirements, with a further 15 signatories at risk of being delisted in 2021.

• Principles for financing green home retrofitting launched

  29 September 2020

  The UK's Green Finance Institute (GFI) has launched the Green Home Retrofit Finance Principles (GHRFPs), backed by institutions including Lloyds Bank and NatWest, which until recently was known as RBS.

• EU carbon market update: 28 September 2020

  29 September 2020

  Last week's volatility may continue, but further price declines are the most probable scenario for EU Allowances, says Tom Lord*

• QBE joins UN Global Compact

  29 September 2020

  Australia's QBE Insurance Group (QBE) has become a signatory of the UN Global Compact.

• Tokio Marine drops support for coal

  29 September 2020

  Tokio Marine has become the second Japanese insurer to limit its backing for coal.

• WCI Carbon Market Update, 28 September 2020

  28 September 2020

  California Carbon Allowances remain around their highest level since the Covid-19 pandemic began. But the outlook remains bullish, as fundamental drivers suggest rising demand, says Nicolas Girod*

• Exchanges call for more trading of 'guarantees of origin'

  28 September 2020

  Europe's system of 'guarantees of origin' (GOs) should be enlarged and standardised to encourage more international trading and accelerate the continent's decarbonisation trend, according to the European Association of Energy Exchanges (Europex).

• Covid-19 pandemic must not distract from fight against climate change, says investor group

  28 September 2020

  International businesses and world leaders should 'resist the trap' of setting aside issues relating to climate change to focus only on the fallout from the Covid-19 pandemic, according to the Coalition for Climate Resilient Investment (CCRI).

• MetLife commits to $20bn in green investments by 2030

  28 September 2020

  MetLife Investment Management (MIM) plans to make $20 billion of green investments - mostly green buildings and renewable energy - over the next decade.

• Mitigating climate risk needs insurance regulators 'to get tough'

  28 September 2020

  Insurance regulators have been urged to take a hard-line approach for insurers on climate risk management.