Genevieve Redgrave

HSBC pledges to stop financing new oil and gas

HSBC has announced it will not finance any new oil and gas fields, in a move a pressure group said sends a strong signal to other banks to follow.

EU taxonomy dominates in Asia-Pacific, survey reveals

Pension funds could lose €255bn in disorderly transition, first climate stress test reveals

European pension funds could lose up to €255 billion ($272 billion) of assets in a sudden, 'disorderly' transition to a net zero economy because of their exposure to carbon intensive industries, the first climate stress test of the sector has revealed.

Climate Asset Management raises $650m for natural capital funds

Climate Asset Management (CAM), the joint venture between HSBC and Pollination, has raised $650 million for its two natural capital funds.

Australia consults on climate disclosure rules

The Australian government has launched a consultation on a framework designed to improve climate-related financial disclosures by financial institutions and businesses, which it said will be part of a comprehensive sustainable finance strategy.

TPT commits to 25% emissions intensity reduction

Vanguard fined by ASIC for greenwashing

Indonesia's sovereign wealth fund targets $500m in 'green' investments

Companies finding it hard to believe investors' ESG messaging, says EY

Despite investors saying they will forego profits in the short term to focus on ESG, EY has said its research shows companies do not believe them or are choosing to focus on profitability over sustainability.

Asian financial institutions call on companies to commit to gender diversity

The Asia Securities Industry and Financial Markets Association (ASIFMA) has called on Asian companies to commit to gender diversity across the whole workforce.