News

Insurance claims from Australia's catastrophic summer pass A$2bn

Insurance claims from Australia's natural catastrophe season have surpassed AUD2 billion ($1.4 billion) as the bill from hailstorms that hit Southeastern Australia on 20 January quickly breached AUD500 million, according to the Insurance Council of Australia (ICA).

£30bn pension fund targets 'not fit for purpose' finance sector

A £30 billion ($39 billion) UK government pension partnership has described the finance sector as "not fit for purpose" for addressing climate change, promising to remove firms and investments managers who fail to perform on the issue.

BlackRock faces challenge to back up Fink's sustainable statement

"Blackrock has a tendency to make very bold statements—this is one of them," says Robeco CEO

People Moves, 24 January: EY, ClimateWorks, JP Morgan, ISS, GoImpact, GDFA, AIGCC

HSBC launches 'green' corporate deposit accounts

Major bank HSBC has launched 'green' deposits for its corporate clients, to provide a simple way to support environmentally-beneficial projects using their surplus operating cash.

BNP Paribas launches global equity carbon offset fund

BNP Paribas has launched a global version of its climate carbon offset plan fund, targeting a reduced carbon footprint and a material social and environmental impact, following the launch of its European fund.

Database of tailings dams launched as investors up pressure on mining firms

A database of tailings dams has been launched that it is hoped will inform investor engagement and push mining companies to actively manage the risks of dams failing and causing catastrophic damage to nearby communities and the surrounding environment.

Aon and Brit back 'climate-friendly' data standard

The initiative aims to help insurers develop products around climate change

GBPs establishes working group on sustainability-linked bonds

The Green Bond Principles (GBPs) has established a working group on sustainability- and key performance indicators (KPI)-linked bonds.

UN Global Compact launches 'SDG Ambition' initiative