Archive

ING further restricts upstream oil & gas financing

ING has further tightened its restrictions on financing the oil and gas sector, although one NGO branded the development as being "of little value".

BNP Paribas to halt participation in oil and gas conventional bond issuance

French bank BNP Paribas has signalled that it will refrain from participating in conventional bond issues for companies in the oil and gas sector at its annual general meeting.

SBTi clarifies carbon credit stance amid staff unrest

The Science Based Targets initiative (SBTi) has published a clarification on its stance on the use of environmental attribute certificates (EACs) - such as voluntary carbon credits - after criticism from staff and the industry.

SBTi board faces resignations and staff ire after change to carbon credit stance

The Science-Based Targets initiative (SBTi) Board of Trustees has come under fire for changing its stance on corporate use of carbon credits for Scope-3 emissions reduction targets, which has been described as a "major departure" from existing policy.

Fossil fuels to be excluded under 'ambitious' French sustainable fund label overhaul

Companies generating energy using coal or developing new oil or gas projects are to be excluded from France's sustainability fund label in updates designed to make the Label ISR "more ambitious".

French government warned against 'institutionalising' greenwashing in Label ISR

SocGen launches €1bn transition fund, stricter fossil-fuel targets

French bank Société Générale is targeting reducing its oil and gas exposure by four-fifths by 2030 as well as launch a €1 billion ($1.1 billion) transition fund.

NZAOA says no to new O&G projects, but is less clear on O&G companies

The Net-Zero Asset Owner Alliance (NZAOA) said it expects its $11 trillion of investor members to stop investing in new oil and gas projects, but its guidance was criticised for being less specific on oil and gas companies.

Vanguard exit could be opportunity to 'clarify aim' of net-zero initiative

The withdrawal of Vanguard from the Net Zero Asset Manager initiative (NZAM) could be a great opportunity for the initiative to clarify its aim and push members for greater action on passive assets, a campaigner told Environmental Finance

GFANZ drops requirement to align with UN Race to Zero campaign

The Glasgow Financial Alliance for Net Zero (GFANZ) has scrapped its requirement for members to align with a campaign requiring a fossil fuel phase-out.