News

BNP Paribas accelerates its exit from coal

BNP Paribas said it is speeding up its timetable "for a complete exit from coal".

Corporate sustainable deposits top $2bn at Standard Chartered

Asia-focused bank Standard Chartered announced its corporate sustainable deposit product crossed the $2 billion mark only a year after being launched, helped by a "significant" deposit from EDF.

Bond round-up: Citigroup, Eurogrid, CPI Property, Swisscom ... and more

K2A launches 'world's first' green equity framework

Swedish housing company K2A has launched what it believes to be the first green-labelled equity framework.

GIIN leads creation of Covid-19 response impact 'coalition'

An investor coalition has been launched that will seek to amplify the effect of impact investments in the response to the coronavirus pandemic.

Norwegian oil fund exits stakes in 12 firms on ESG concerns

The giant Norwegian oil fund has excluded a dozen companies from investment due to environmental, social, and governance (ESG) concerns, including mining giants such as Anglo American, Glencore and Vale in which it was a major shareholder.

European oil majors climate pledge disappointment continues

Despite progress from European oil majors in strengthening their climate ambitions, analysis by the Transition Pathway Initiative (TPI) concluded that none are yet on the path to net-zero emissions.

Calvert Impact Capital seeks $1bn for SME relief vehicle

Calvert Impact Capital aims to raise $1 billion for a national US Covid-19 relief fund for small businesses, with a view to eventually tapping $20 billion in federal funding.

Denmark's PFA joins Net-Zero Asset Owner Alliance

PFA, a Danish insurer and pension fund, has become the 23rd member of the UN-convened Net-Zero Asset Owner Alliance.

LGIM to oppose election of ExxonMobil executive chair

Legal & General Investment Management (LGIM) has added to growing investor pressure on ExxonMobil to implement improved climate policies ahead of its AGM.