Pressure is growing for prudential measures to help tackle the climate crisis, with banks facing a rise in estimated credit losses of up to 20% in a 'hot-house' scenario. But bankers say climate-related stress tests should not lead to more capital requirements, and some propose alternatives.
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Hopes are rising that asset managers will become more open to implementing British pension schemes’ voting preferences in light of new, less prescriptive recommendations from a government-backed taskforce.
Science-Based Targets are a vital starting point for a company’s transition plan, but the inclusion of high-emitting coal companies on the initiative's approval list presents problems for investors forming policies around them.
The embattled Swiss bank has cut lending to heavy polluters and is analysing its loan book's carbon intensity and clients' 'transition readiness', but has been slow to set emission-reduction targets. Two of Credit Suisse's top ESG and sustainability executives set out its thinking.
Recently criticised for failing to deliver returns above their peer group, gender lens funds are under immense scrutiny to up their game. And while legitimate concerns exist about how they are marketed, the lack of suitable companies remains a serious problem.
The year to date has seen record-breaking support for shareholder resolutions, with asset managers such as BlackRock and Vanguard stepping up their stewardship. However, a lack of data on the real-world impact means the jury is still out on their efficacy.
For natural resources such as air, water and soil to be regulated, there needs to be a way of valuing them. Governments are grappling with this issue as investors focus increasingly on SDG 15: Life on Land.
The German lender is turning down more deals that do not satisfy its increasingly strict sustainability criteria. But it still faces criticism for its financing of high-carbon industries.
Industry participants welcome aspects of the EU's proposals – which were leaked last week and are due for official release tomorrow – but question, given the political landscape, whether they will materialise. Tackling greenwashing remains contentious.
Institutions such as the UN are piling pressure on insurers to introduce net-zero commitments to their underwriting portfolios – including for coal and all fossil fuels – and evidence indicates this is paying off.
UN Sustainable Development Goal 15 figures low on investors’ agenda, while their exposure to at-risk forest companies remains high.
The number of ESG ETF launches shows no signs of abating, and while many are now aligning with the UN SDGs, their diversity and quality are questionable.
Analysis by Capital Monitor has discovered a small handful of influential investors with significant stakes in companies that dominate the ocean economy. Sadly, improving life below water is not high on many investment agendas.
The European Commission wants to compel around 50,000 companies to report across a range of ESG factors. Investors, banks and NGOs are broadly aligned, but reservations exist.
Investor peer pressure is having a positive impact on shaping the environment policies for bank financing, but the public sector must play a firm regulatory hand to ensure a level playing field.