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Banks urge EU to relax planned supply chain due diligence rules
05 July 2023A prominent group of European financial institutions has called for proposed rules on due diligence in supply chains to be watered down, in part to allay fears they could lead to lawsuits against banks and investors.
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Kraft Heinz bows to Green Century deforestation resolution
04 July 2023Kraft Heinz has committed to eliminating deforestation from its supply chains following a shareholder resolution from Green Century.
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Church of England Pensions Board leaves NZAOA
04 July 2023The Church of England Pensions Board has left the UN-convened Net-Zero Asset Owner Alliance (NZAOA), citing the need to maintain "a clear focus on one net zero initiative".
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How digital technology can unleash the potential of carbon markets
04 July 2023Data is essential in the development of high impact carbon markets, writes Yuvaraj Dinesh Babu
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Actuaries crunch the numbers on climate scenarios - and warn many are 'implausible'
04 July 2023A membership body for actuaries has warned financial institutions against relying unquestioningly on climate-related scenarios, with results from some models "far too benign and, in some cases, implausible".
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Axa: €1bn invested in one of our portfolios degrades biodiversity in area ¾ the size of Paris
04 July 2023Investing €1 billion in one of Axa Group's portfolios had an impact on biodiversity equivalent to degrading a pristine area "three quarters the area of Paris", the insurer said, based on a modelling exercise.
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Banks 'concerned' at EU corporate reporting standard draft
04 July 2023Several European banks are concerned at the recent publication by the European Commission of draft standards for corporate reporting, which they fear will make meeting their own disclosure obligations tougher.
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Franklin Templeton's Martin Currie launches social impact fund
03 July 2023Martin Currie, a Franklin Templeton investment management firm, has launched a social impact fund focusing on well-being, inclusion and the just transition
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UK ETS cap lowered and scheme extended to new sectors
03 July 2023The UK government has announced that it has lowered the carbon emissions cap for existing sectors covered by its emissions trading scheme (ETS), whilst also extending it to cover the domestic maritime transport and waste sectors.
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Vancity: Costco 'expected' to be targeted by NA100
03 July 2023Costco Wholesale is "expected" to be one of the companies targeted by the Nature Action 100 (NA100), Vancity Investment Management (VCIM) has said.