Coal in Crosshairs as UN Climate Summit Brings Raft of Clean Energy Pledges November 4, 2021 By Kate Abnett and Simon Jessop GLASGOW – Government representatives at the U.N. climate conference in Glasgow on Thursday will turn their focus to tackling the...
Banks, Asset Managers, Representing 40% of World’s Assets, Vow to Meet Climate Goals November 3, 2021 By Tom Metcalf and Alex Morales Banks and asset managers representing 40% of the world’s financial assets have now pledged to meet the goals set out...
Bank of England to Push Banks, Insurers on Climate Risk Capital Requirements October 29, 2021 By Huw Jones The Bank of England will crack down from next year on banks and insurers that do not hold enough capital...
Lloyd’s Ups Climate Pledge, Vows to Push Members on Net Zero: Reuters October 28, 2021 By Simon Jessop and Carolyn Cohn Lloyd’s of London said on Thursday it would join peers in scaling up efforts to cut carbon emissions and push...
UN Proposes Net Zero Verification Standard for Corporate Climate Claims October 28, 2021 By Shadia Nasralla A U.N.-backed body launched a scheme to verify corporates’ net zero strategies on Thursday that is likely to become a...
What Are the Economic Stakes of Climate Change? October 25, 2021 By Mark Johnson COP26 climate talks in Glasgow starting next Sunday may be the world’s best last chance to cap global warming at...
Greenhouse Gas Levels Hit Record in 2021 as World Fails to Cap Rising Temperatures October 25, 2021 By Emma Farge and Gerry Mey GENEVA/GLASGOW – Greenhouse gas concentrations hit a record last year and the world is “way off track” on capping rising...
New Zealand Is 1st Country to Pass Climate Change Disclosure Laws for Insurers, Banks October 21, 2021 New Zealand has become the first country to pass laws requiring banks, insurers and investment managers to report the impacts...
Asset Managers, Including Allianz, to Cut Portfolio Emissions by at Least 25% by 2025 October 21, 2021 By Alastair Marsh By 2025, 29 of the world’s biggest pension funds and investment firms, including Allianz SE and the California Public Employees’...
Banks Demanding Stricter Environmental Criteria When Financing Shipping Companies October 20, 2021 By Jonathan Saul Banks are demanding much stricter environmental criteria when financing shipping companies as investor pressure grows on the sector to accelerate...