net zero emissions News

Europe Asset Managers Eye Halting Non-ESG Products to Meet Net-Zero Goals: Survey

Over two-thirds of European asset managers and distributors are considering halting the launch or distribution of products that do not comply with environmental, social and governance (ESG) standards, a survey by PwC Luxembourg showed on Monday. Flows into ESG funds …

Net-Zero Emissions Pledges by Big Global Companies Have ‘Credibility Gaps’: Report

Corporate plans to slash greenhouse gas emissions fall short of what is needed to combat climate change, with “major credibility gaps” found among the world’s largest companies, according to a new stocktake of net-zero efforts in the public and private …

Report Casts Doubt on Net-Zero Emissions Pledges by Big Global Companies

Corporate plans to slash greenhouse gas emissions fall short of what is needed to combat climate change, with “major credibility gaps” found among the world’s largest companies, according to a new stocktake of net-zero efforts in the public and private …

Climate Change Lawsuits Are Exploding Globally, but Court Wins Are Few

A year ago, a Dutch judge ordered Shell to slash its emissions harder and faster than planned. Victorious campaigners and lawyers declared the win would straighten up the biggest polluters and serve as a warning to others. But that hasn’t …

Canada Releases Draft Guidelines to Manage Financial Risks of Climate Change

A Canadian financial regulator released draft guidelines on Thursday to mitigate the risks of climate change as the country’s financial institutions prepare for mandatory disclosures starting in 2024. The guidelines, issued by the Office of the Superintendent of Financial Institutions …

Dutch Insurer NN Group Expects to Accelerate Exit From Coal Investments

DAVOS, Switzerland – NN Group NV expects to accelerate its deadline to exit coal investments, now set at 2030, due to fears about Europe reverting to burning the fossil fuel, the Dutch insurer’s CEO David Knibbe said on the sidelines …

Swiss Re and UBS Among Founding Buyers of Credits From Carbon Removal Scheme

Insurance firm Swiss Re and banking giant UBS are among five founding buyers of credits from a scheme set up by a Swiss company to drive down the cost of taking carbon dioxide out of the atmosphere. Even with pledges …

AXA to Join €1B Regenerative Agriculture Fund to Help Mitigate Climate Change

Insurer AXA and consumer goods group Unilever plan to invest 100 million euros each into a new 1 billion euro ($1.06 billion) regenerative agriculture fund to be managed by Tikehau Capital, the three groups said on Wednesday. The companies each …

Russia’s War With Ukraine Must Not Derail Climate Action: Envoys Warn

The world needs to speed up decarbonization and not let a focus on energy security in the wake of Russia’s invasion of Ukraine derail the drive to a low-carbon economy to avert disastrous climate change, leading climate envoys said on …

Insurer Aviva Urges UK Government to Detail How It Will Reach Net Zero Emissions

The British government should practice what it preaches on net-zero emissions, according to insurer Aviva Plc and conservation group WWF. Having said last year that UK-based companies must detail how they will deliver on their 2050 emission-reductions goals, the government …