Financials
June 22, 2023
What does the future hold for Gfanz?
Can the Glasgow Financial Alliance for Net Zero keep things together, when its various associations are fast losing members? The attempt to unite the investment...
read more
June 16, 2023
LGIM takes aim at company chairs with stronger climate engagement
The UK's largest asset manager is widening its analysis of corporate climate policy and ramping up pressure on boards. Legal & General Investment Management says...
read more
June 5, 2023
Three-quarters of asset managers have no deforestation commitments, says ShareAction
Most asset managers have not pledged to shield natural habitats from deforestation, nor have they adapted their investments to tackle climate change, according to a new report....
read more
May 30, 2023
Lloyd’s of London urged to align with Paris Agreement goal
Activist Greenpeace Nordic is calling on the Lloyd’s of London market to cease insuring ‘new and expanded’ oil, coal and gas projects in Norway and...
read more
May 25, 2023
Funds embrace ESG terminology in prospectuses
More funds are including detailed ESG criteria in their prospectuses, reflecting tighter regulatory enforcement over greenwashing, according to ISS. The number of mutual funds and...
read more
May 23, 2023
Bank targets should account for all facilitated capital markets emissions, says ShareAction
Disagreement among banks over the weighting of facilitated emissions threatens to lead to a watering-down of the Partnership for Carbon Accounting Financials’ framework, according to...
read more
Continue reading
May 17, 2023
Call for JPMorgan transition plan garners 35% support at AGM
A proposal to disclose JPMorgan Chase's climate transition plan was ultimately blocked but it received record support from shareholders as the large fossil fuel financer faces increasing pressure to solidify...
Read more
May 11, 2023
Directors’ personal liability insurance cover in limbo over climate litigation
A rise in ESG-related lawsuits and increased scrutiny of board directors’ responsibilities for climate disclosure obligations are revealing grey areas in management liability policies. Company board directors are becoming increasingly...
Read more
May 11, 2023
Top asset managers fail to monitor human rights in their investments, says ShareAction
Almost two-thirds of the biggest asset managers do not regularly review human rights issues in investments’ supply chains, says non-profit ShareAction, and a fifth only apply social policies to ESG-labelled...
Read more
May 9, 2023
Financial service coal divestment policies double over three years
With the number of financial institutions divesting from coal doubling between mid 2019 and the end of 2022, think-tank IEEFA says it is European companies that are leading the way....
Read more
May 2, 2023
Do ESG resolutions stand a chance at banks’ AGMs?
Though a Securities and Exchange Commission rule change has opened the gate for greater numbers of sustainability proposals, the outcome of shareholders' resolutions on ESG remain uncertain. Every year, banks...
Read more