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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Research shows that ESG strategies that focus on companies’ fixed climate scores, rather than performance metrics, risk undermining the much-needed energy transition to net zero
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.
Frameworks such as the UK’s Senior Managers & Certification Regime may be adapted – and expanded to sectors beyond financial services – to put company directors on the hook for climate-related commitments.
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.
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.
Passive investing has been posed as a threat to the planet – but how far does the data support these claims?
The idea of incorporating gross national happiness into mainstream economic thought has long been a subject reserved for debating societies and 'lefty' thinkers. As politicians are cornered into taking immediate action on climate change, capitalism is in for a big surprise.
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.
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.
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.
Producers of metals integral to the production of electric vehicles look well set in light of government emissions reduction policies and support for the EV sector. But lithium miners are facing rising scrutiny over how environmentally friendly they really are.
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.
Asia's two main finance hubs are moving quickly to adopt global best practice on sustainable finance. They recognise policy certainty in this area is necessary to drive investment into companies, particularly given the region's distinct characteristics.
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.
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.
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.
The US bank has doubled down on efforts to facilitate private capital into sustainable projects in emerging markets. But its year-old development finance institution is so far finding it hard to measure the impact of such deals.
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.
The company's top sustainable finance bankers acknowledge the sector is guilty of not “driving enough capital” to reach net-zero targets, but say huge structural issues are a barrier for change.
Rainforest Action Network recently uncovered the levels of financial support still available to the fossil fuel sector. Further digging reveals a troubling relationship between bank policy and financing activity during 2020.
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.