Archive

EXCLUSIVE: EU's TEG broadens taxonomy to include 'transition' activities

The EU's Technical Expert Group on Sustainable Finance (TEG) has broadened the scope of its taxonomy to include activities that help transition to a net-zero economy by 2050, in a move that opens the door to some fossil fuels and internal combustion engines, Environmental Finance has learned.

BP climate resolution receives record investor support

Investor support for a BP climate shareholder resolution represents a new "global best", according to the Institutional Investors Group on Climate Change (IIGCC).

Oil firms unattractive without climate targets, say fund managers

Oil companies will no longer appeal to investors unless they adopt business models that support the Paris climate targets, says a report by the UK Sustainable Investment and Finance Association (UKSIF) and the Climate Change Collaboration, a group of charitable trusts.

'Varying understanding' of SDGs across the globe, says Hermes

The need to be more socially conscious is on the rise across the globe, but driving forces vary between countries, according to Hermes Investment Management.

LGIM calls on policy makers to take action on climate change

Legal & General Investment Management (LGIM) has called on governments to urgently bring in policies to tackle climate change, such as a carbon tax, after it conducted modelling that found there is a compelling economic case for immediate action.

People Moves: BMO Global Asset Management, ClimateWorks Foundation, Japan's Financial Services Agency, Rockefeller Capital Management, Global Parametrics, Refinitiv, Aviva Investors, FIM Asset Management and S-Bank Wealth Management

Corporate green bond issuers 'should have transition strategies'

Investors should base decisions about whether to invest in corporate green bonds on their issuer's forward-looking and low-carbon transition strategy, said panelists at a conference of NGO Climate Bonds Initiative (CBI).

Sustainability by proxy - Part three: Hermes EOS

In the third of a four-part series on highly influential proxy voting providers, Michael Hurley asks Hermes EOS what it is doing to develop the guidance it provides investors on environmental issues

$1.8trn investor group urges US utilities to set net-zero carbon deadline

Investors representing a combined $1.8 trillion in assets have demanded that the 20 largest publicly traded electricity utilities in the US commit to achieving net-zero carbon emissions.

Sustainability by proxy - Part one: Glass Lewis

Countless investors rely on the advice of proxy voting providers to support their investment decisions. In the first of a four-part series, Michael Hurley asks are these firms doing enough to develop their guidance on environmental issues?