Archive

BHP climate transition plan gains shareholders' approval

Mining giant BHP has won shareholder backing for its Climate transition action plan (CTAP), despite opposition from the world's largest sovereign wealth fund.

Qantas and BHP invest in $250m Australian carbon credit fund

BlackRock and Temasek's JV leads $150m funding round for thermal battery business

BlackRock and Temasek joint-venture, Decarbonization Partners, has led a $150 million Series B funding round for Antora Energy.

Innovative Fijian coral reef insurance policy inked

An innovative insurance policy that will help make a range of Fijian coral reefs more resilient to cyclone and storm damage has been signed.

190 investors sign up to collaborative engagement on nature

190 institutional investors have signed up to collaborate to pressure 100 companies to address their negative impacts on nature, on the launch of Nature Action 100 (NA100) at Environmental Finance's Natural Capital Americas conference.

LAPFF reveals 'litany' of ESG risks at mining companies

A series of financial risks related to poor ESG practices at five mining companies has been uncovered by the Local Authority Pension Fund Forum (LAPFF).

BHP criticised as confirms oil and gas exit with Woodside deal

Pressure has been building on BHP to exit its fossil fuel assets, but its proposed deal to shift its oil and gas assets to Woodside has been criticised - and considered 'disastrous' for Woodside shareholders and the environment. Ahren Lester reports

BHP could benefit from ESG boost as the miner mulls oil and gas exit

Anglo-Australian mining giant BHP has announced it is considering exiting its oil and gas business, in a move that analysts believe could result in an environmental, social and governance (ESG) re-rating and rising interest from investors.

IFC tightens coal phase-out conditions on financial clients

The International Finance Corporation (IFC) has strengthened its approach to thermal coal investment exposure among its financial institution clients, announcing it will not make equity investments in firms that do not have a phase-out plan in place.

Norwegian oil fund continues ESG engagement ahead of renewables push

The manager of the giant Norwegian sovereign wealth fund reported it was continuing to engage heavily with firms on environmental, social and governance (ESG) issues, but was yet to get off-the-mark in its renewable energy investments.