Archive

25% cut in emissions by corporates setting science-based climate targets

News Round Up: Canada backs land fund, Alquity secures investment, TRIG buys into Beatrice ... and more

$20trn of investors urge firms to set science-based targets

Science Based Targets initiative launches financial sector framework

Science Based Targets initiative (SBTi) has launched its "breakthrough" pilot framework for financial institutions to set science-based climate targets, but campaigners were "disappointed" and "disturbed" by what they perceive to be shortcomings.

Transition finance guidelines to be published 'by end of year'

A working group convened by the International Capital Market Association (ICMA) exploring the theme of 'climate transition finance' expects to publish guidelines by the end of the year, but stopped short of saying when a formal set of principles might be launched.

S&P Dow Jones launches Paris-aligned index family

S&P Dow Jones Indices (S&P DJI) has launched a family of climate-focused European indexes which are consistent with the specifications of the EU technical expert group on sustainable finance (TEG) report.

2°II explains its break with Science-Based Targets initiative

A disagreement that caused 2°II to walk away from the initiative boils down to whether it is appropriate to use the term 'science-based' to describe investor decarbonisation targets, writes Christopher Marchant

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.

Boston Common withdraws climate resolutions with Verizon and Home Depot

Boston Common Asset Management has withdrawn its climate-related shareholder resolutions with Verizon Communications and The Home Depot after reaching agreements with the companies.