Archive

Barclays tightens climate policy amid shareholder pressure

Barclays has announced an ambition to be net-zero carbon emissions by 2050 across its lending activities, but campaigners are pushing for commitments to faster progress.

People Moves, 6 March: DG FISMA, ResponsAbility, Carbon4 Finance

JP Morgan to cease lending to coal companies

JP Morgan Chase will stop providing lending, capital markets or advisory services to companies deriving the majority of their revenues from the extraction of coal, and by 2024 will phase out any remaining credit exposure to such companies.

ECB policymaker warns of green bond pitfalls

Central banks should concentrate on correctly assessing the economic risks posed by climate change, rather than embarking on a green bond purchasing programme, a senior ECB policymaker has said.

Solactive buys stake in German climate data start-up

German index provider Solactive has acquired a minority stake in a German scientific climate data start-up.

MSCI launches two ESG corporate bond indexes

New York-listed financial data firm MSCI has launched two corporate bond indexes weighted according to environmental, social and governance (ESG) considerations.

Investors urge Barclays to phase out fossil fuel financing activities

A group of 11 institutional investors has filed a shareholder resolution to Barclays, calling on the London-listed bank to phase out its financing for fossil fuel firms.

IIF urges NGFS to help standardise climate risk analysis

The Central Banks and Supervisors' Network for Greening the Financial System (NGFS) has been urged to align approaches to assessing climate risk, including scenario analysis.

CLP to exit coal assets by 2050 amid end to new investments

Asian electricity firm CLP has pledged to no longer invest in new coal-fired power stations ahead of exiting all its coal assets by 2050.

Science-Based Targets initiative sees uptake double

The Science-Based Targets initiative (SBTi) has seen uptake from corporates double over the past year-and-a-half.