Archive

Axa IM 'downgrades' and 'may reduce exposure to' companies that weakened climate targets

European fund management giant Axa Investment Managers has "downgraded" companies that weakened their decarbonisation targets and is considering selling some of its holdings in these companies due to perceived increased risk, a sustainability head said.

Global stranded assets exposure is $2.3trn, estimates say

Investors worth £5trn push BP for a 'say on climate', amid concerns it will abandon 2030 target

A group of institutional investors has urged BP to hold a shareholder vote on its climate transition plans, amid "concern" at reports the oil and gas company will abandon a key decarbonisation target.

Raise insurers' capital requirements for fossil fuel assets, EU urged

Decline in energy sector's EU taxonomy alignment bucks positive trend in other sectors

Energy companies reported a decline in their alignment with the EU taxonomy last year, bucking a trend of increased alignment in most other sectors which data provider Bloomberg said bolstered the use case for the taxonomy.

Account for 'stranded asset' risks alongside transition plan rules, EU advised

The EU should create a framework to account for the depreciation of highly polluting assets "at risk of becoming stranded" to help financial institutions assess the credibility of transition plans, it has been told by advisers.

Growth opportunities from the energy transition

Amid a concerted global effort to decarbonize industries, particularly the energy sector, what are the investment opportunities for institutional investors, asks Sarah Wilson

Unveiling Scope 3 emissions: A crucial shift for investors

Accounting for these emissions, long overlooked due to their complexity, would go a long way to supporting a net-zero transition in the real economy, writes Udo Riese

Life and health insurers begin exploring underwriting emissions reductions

Life and health insurers are starting to explore the potential of reducing greenhouse gas (GHG) emissions through their underwriting practices.

UK government should address legal issues in transition plan rules, WWF says