Archive

US 'Opportunity Zones' not living up to impact goals, study says

The US government's Opportunity Zones economic development scheme is failing the deprived communities it was built to serve - and especially those in majority-black neighbourhoods, a report claims.

200% rise in Swiss impact investments signals 'new era'

Last year saw investments that target measurable positive social or environmental impact alongside returns more than treble, taking the total to about CHF50 billion ($52 billion), according to a survey of Swiss investors.

Investor climate pressure builds on US oil majors as BlackRock steps-up

US oil supermajors ExxonMobil and Chevron experienced significant investor pressure over their climate policies at their annual general meetings, with major investor BlackRock stepping up support for some proposals.

'Time has come' for SEC to address ESG disclosure

A committee of the US Securities and Exchange Commission (SEC) has urged the regulator to take a lead on environmental, social and governance (ESG) disclosures, amid concerns a delayed response will result in US firms suffering a "distinct disadvantage" in accessing international capital.

JP Morgan Chase given bloody nose by climate resolution

JP Morgan Chase experienced a significant revolt from investors against its climate change position after nearly half voted in support of a shareholder resolution urging the US bank to align its financing to the Paris Agreement.

Banks' fossil fuel commitments accelerate as pressure intensifies

Deutsche Bank sets 'ambitious' sustainability targets

Deutsche Bank outlined targets which will see the German lender boost sustainability assets to over €200 billion ($217 billion) by 2025 and issue its first green bond.

M&G and EOS support Barclays fossil fuel funding resolution

M&G Investments and EOS have confirmed they will support a shareholder resolution calling on Barclays to phase out its funding for fossil fuel firms, but Norway's sovereign wealth fund will not be supporting it.

S&P Dow Jones launches Paris-aligned index family

S&P Dow Jones Indices (S&P DJI) has launched a family of climate-focused European indexes which are consistent with the specifications of the EU technical expert group on sustainable finance (TEG) report.

2°II explains its break with Science-Based Targets initiative

A disagreement that caused 2°II to walk away from the initiative boils down to whether it is appropriate to use the term 'science-based' to describe investor decarbonisation targets, writes Christopher Marchant