Members of the European Parliament voted at the end of September to extend natural gas subsidies until 2027. Critics are slamming the decision, adding to pressure on governments to end support for fossil fuels. But even progressives acknowledge the tricky decisions involved.
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An Australian parliamentary inquiry into the domestic finance sector’s shift away from coal exposure underlines the government's reputation as a climate policy laggard. But it may inadvertently help boost the country’s sustainable investment industry, argue some market participants.
The Nordic country is a pioneer in carbon taxation and a leader in green bond issuance. Åsa Lindhagen speaks to Capital Monitor about the country's green policies and fostering sustainable development.
CIB is leading the charge among Egypt's banks to build a sustainable finance market, with help from the International Finance Corporation and at the behest of the central bank. Corporates are showing rising interest in issuing green bonds but will face ESG reporting from next year.
The US bank recently acquired NN Investment Partners and is offering tools to help clients with their low-carbon transition, says sustainable finance head John Goldstein. But its climate policies and disclosure lag behind industry best practice, though there are plans to remedy that.
Teess – a joint venture between France’s TotalEnergies and Chinese renewables company Envision – will execute the first green-funded project in China’s solar industry as it bets on the country’s energy transition. Capital Monitor takes an in-depth look at the deal.
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 second-biggest US pension fund’s sustainability and stewardship director, Kirsty Jenkinson, outlines new strategies to decarbonise its investment portfolio and improve diversity in the corporate world.
Climate disclosure does not change corporate behaviour fast enough and time is running out, executives from Invesco and two influential investment associations said at a Capital Monitor event. They argued that a carbon tax is needed to prompt a fundamental market shift.
Net-zero emission pledges are under growing scrutiny from investors amid worries over the gaming of carbon reporting. Governments are facing rising pressure to ensure accountability for such commitments.
Passive investing has been posed as a threat to the planet – but how far does the data support these claims?
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.
The British bank is calculating a carbon budget that should lead to an overhaul of its balance sheet. Starting by tightening financing policy for the oil and gas sector, the group will introduce a series of emissions-led sector targets by 2022. A bold move, but critics argue the plans lack clarity.
The IPCC’s latest report is unequivocal: humans are warming the planet. With COP26 looming, everyone is clear that rapid policy action is required to mobilise trillions of public and private finance to reverse the damage done. We outline what policies they are.
Investors are increasingly joining the IMF, OECD and World Bank in pushing for a global system for carbon pricing. Implementing it remains politically problematic, but the ever-louder alarm bells over climate change are raising hopes it could happen.
Despite Seoul's commitment to reducing the country's reliance on fossil fuels, new coal-fired power projects are still raising funds. But the commodity's recent sharp price rise may focus the minds of corporate executives, bankers and government officials.
The debate over how the fiduciary duty to seek the best returns affects ESG investing – and whether it should do – has intensified lately, with prices of both sustainable assets and many 'dirty' investments soaring.
Despite coal's influence on global warming, less than half of the world’s largest asset managers have an investment policy in place for it, according to non-profit organisation Reclaim Finance.
The Energy Charter Treaty, which gives oil and gas companies a route to suing governments, is increasingly hindering climate policy reform, say campaigners. And it is not the only agreement of its type.
Momentum builds behind the circular economy as investors seek better growth while tackling global challenges, while innovation in this area is de-risking investments and delivering exciting risk-adjusted returns for investors.
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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.
Capital Monitor asked 22 top insurers for their position on the recent IEA report calling for an immediate cessation to investing in and building new oil and gas projects. Only seven responded with answers but none were prepared to make firm commitments.
Investor action around UN Sustainable Development Goal 15 – Life on Land – is slow, but it is gathering momentum. We look at how a handful of investors are embracing technology as part of the approach to managing deforestation risk.
The Italian power company recently sold the largest-ever sustainability-linked bond, after issuing the world's first in 2019. It also has ambitious plans to cut emissions, add renewables capacity, and raise more sustainable funding.
Norges Bank Investment Management owns stakes in some 9,000 companies and seeks to use its huge influence for positive impact. Deputy CEO Trond Grande explains how the fund practises what it preaches when it comes to corporate disclosure.
With the June joining of the Sustainability Accounting Standards Board and the International Integrated Reporting Council, the head of the combined entity argues that more agreement on ESG reporting standards is getting closer, but regulation is needed.
The oil giant was told to accelerate its emissions cuts, at least partly for human rights reasons. Despite a muted response from investors, experts say the order reflects the rising risks for fossil fuel producers and the ramifications will be widespread.
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.
Assessing the climate risk of government debt is tricky for investors. A new initiative backed by the retirement schemes of telecoms firm BT and the Church of England is working on a solution. They give Capital Monitor the lowdown.
Africa’s largest lender has decided against funding three of the continent’s coal-power projects and committed to releasing a climate plan aligned with the goals of the Paris Agreement. But it is still lagging behind local peers, lobbyists say.