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First investor expectations on deforestation published
03 September 2024The International Investor Group on Climate Change (IIGCC) and the Finance Sector Deforestation Action (FSDA) has published a 'first-of-its-kind' set of expectations for banks on eliminating deforestation.
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Basel 'faulty'
20 March 2024US banks have urged the Basel Committee to re-draw 'flawed' climate disclosure rules, writes Michael Hurley
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Taxonomania
14 April 2022Can the patchwork of taxonomies springing up across the world ever be reconciled, ask Genevieve Redgrave and Peter Cripps
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Banks' climate 'analysis paralysis' shameful
21 March 2022The lack of readiness of banks to assess their exposure to climate risks is both alarming and shameful, according to a prominent North American asset manager.
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Nordea, Kempen among new Finance for Biodiversity Pledge signatories
30 November 2021Financial firms managing more than €12 trillion ($13.6 trillion) in assets have now signed the Finance for Biodiversity Pledge after nine new signatories joined the initiative, including Nordea Asset Management and Kempen.
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US climate disclosure tussle develops over SEC filings role
21 June 2021A tussle is developing over whether mandatory climate disclosures in the US should feature in the closely scrutinised annual regulatory filings or as a separate document, with some major firms opposing inclusion in annual filings but some significant investors backing such a move.
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PCAF launches standard for global emissions
19 November 2020The Partnership for Carbon Accounting Financials (PCAF) has launched a methodology which intends to enable banks to measure and disclose the emissions associated with their financed activities.
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Are banks really going green, or just greenwashing? Part two
29 October 2020With banks' sustainability commitments under fire, are science-based targets the answer, asks Christopher Marchant
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Boston Common: Differing methodologies for bank sustainable financing 'unnecessary competition'
12 October 2020Boston Common Asset Management (BCAM) has criticised the increasing number of methodologies used to assess how a bank's sustainable financing commitments impact its portfolio, as a distraction from core climate goals.
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Bank of America becomes third US lender to join carbon accounting initiative
30 July 2020Bank of America (BoA) has joined the Partnership for Carbon Accounting Financials (PCAF), the third major US lender to join the initiative in the past week, as pressure builds on financial institutions to tackle the emissions of their lending and investment portfolios.