News

Carney makes TCFD push at launch of COP26 private finance agenda

Mark Carney has used the launch of COP26's private finance agenda to urge financial institutions to conduct climate stress tests and disclose comprehensive climate-related information.

BP leaves trade associations over differences in climate policy

Oil and gas giant BP is to leave three trade associations due to differences on policy positions regarding carbon pricing and the federal regulation of methane, in a victory for investors.

Impact tool launched to assess investor Taxonomy alignment

A product has been created to assess and report the impact of investor portfolios in line with the forthcoming EU Taxonomy of sustainable activities.

JP Morgan to cease lending to coal companies

JP Morgan Chase will stop providing lending, capital markets or advisory services to companies deriving the majority of their revenues from the extraction of coal, and by 2024 will phase out any remaining credit exposure to such companies.

Bonds round-up: VF, Sydney Airport, EBRD, Egypt, Mexico ... and more

ECB policymaker warns of green bond pitfalls

Central banks should concentrate on correctly assessing the economic risks posed by climate change, rather than embarking on a green bond purchasing programme, a senior ECB policymaker has said.

Generali launches the first green ILS framework

Italian insurer Generali has issued a framework for issuing "green" insurance-linked securities (ILS) that will allow it to invest in sustainable assets and underwriting.

Rockefeller Foundation sets $1bn low-wage investment goal

The Rockefeller Foundation is set to invest $65 million in a financing programme it says will mobilise $1 billion in private finance and help support about 10 million low-income workers in the US.

European re/insurers at forefront of fossil fuel withdrawal, Moody's reveals

Axa, Allianz, Swiss Re, Munich Re and Zurich have made greater progress than their global peers in reducing exposure to fossil fuels and thermal coal in particular, according to a Moody's Investors Service report.

EU carbon market update: 25 February 2020