Christopher Marchant

Major European banks provided large-scale financial support to coal industry

European banks including Barclays, BNP Paribas and Societe Generale loaned billions of euros to coal companies across the EU in 2019, according to a report.

Mark Carney launches climate disclosure initiative with London Stock Exchange

Former Bank of England governor Mark Carney and the London Stock Exchange plan to establish a global coalition of stock exchanges supporting climate disclosure in line with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).

GRESB launches climate risk platform

The Global Real Estate Sustainability Benchmark (GRESB) is to launch a platform assessing real estate and infrastructure's exposure to physical climate risk.

Frank Elderson: Covid-19 recovery should 'aim for 1.5°C economy'

Frank Elderson, executive director of supervision at the central bank of the Netherlands (DNB), has called for any recovery plan from the Covid-19 pandemic to be aligned with 1.5°C of global warming by 2050.

ICAO votes to lower baseline on airline carbon reduction scheme

States in the UN-based International Civil Aviation Organisation (ICAO) have voted to lower the carbon emissions baseline of airline credits trading scheme Corsia, in response to the coronavirus pandemic.

KPI-linked bonds webinar: Investors want 'Paris alignment'

DBS Bank creates sustainable and transition finance framework

Singaporean financial services provider DBS Bank has established a 'sustainable and transition finance framework and taxonomy' to "provide a science-based approach to avoid greenwashing".

Candriam launches circular economy fund

Asset manager Candriam has launched a global equity fund designed to promote 'zero waste' economies.

$36bn Australian pension fund divests from coal in net zero target

The A$52 billion ($36 billion) pension fund HESTA is to cease all investments in thermal coal, and will offload all fossil fuels over the next decade to meet a net zero emissions target by 2050.

People Moves 26 June: Eurosif; Inclusive Capital Partners; Danske Bank; XP; GRI; Willis Towers Watson; 2DII