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Exxon fails to halt shareholders' climate change litigation
21 August 2018ExxonMobil's bid to dismiss a lawsuit claiming that it misled investors about the impact of climate change on its business has been denied by a Texas court.
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LGIM pressures international standards body to adopt TCFD
21 August 2018Legal & General Investment Management (LGIM) has thrown its weight behind calls for the International Organization of Securities Commissions (IOSCO) to adopt harmonised climate risk reporting.
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SDGs provide 'ideal framework' to analyse impact, says asset manager
21 August 2018The UN's Sustainable Development Goals (SDGs) provide "an ideal framework" to analyse the social and environmental impacts resulting from engagement with investee companies, investors have been told.
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EU carbon prices could double in five years, says thinktank
21 August 2018The price of carbon emissions in the EU’s Emissions Trading System (ETS) is set to double to between €35 and €40 ($40-$46) in the next five years, according to Carbon Tracker, a UK-based thinktank.
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EU carbon update, 20 August 2018
20 August 2018EU Allowance (EUA) prices are expected to take their lead from the power market this week, with further gains likely, says Louis Redshaw.
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Will insurers keep up with the Jones?
20 August 2018California's Insurance Commissioner Dave Jones has been threatened with US lawsuits for his efforts to act on climate-related risks. Undeterred, he hopes his work can now drive international action, he tells Michael Hurley
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NY Green Bank adds $65m in Q2 deals
20 August 2018NY Green Bank has committed to invest an additional $64.9 million in clean energy projects, its second quarter results show.
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H1 disaster losses well below average, says Swiss Re
20 August 2018Global economic losses from disasters plunged to $36 billion in the first half of 2018 from $64 billion in the same period last year, well below the ten-year average of $125 billion, according to Swiss Re.
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People Moves: SUSI Partners and HSBC
17 August 2018Wymen Chan has been hired as managing director by SUSI Partners to lead its investment team in Singapore.
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Private sector lagging on climate disclosure, report claims
17 August 2018Private sector asset owners tend to be less prepared than their public sector counterparts to make voluntary public statements and disclosures related to climate change, a report has claimed.