Financials

Legal and General logo
Financials
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
Deforestation Amazon region, Brazil
Financials
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
Lloyds of London headquarters
Financials
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
sustainable-energy-solar-and-wind-turbines
Financials, Policy & Regulation, US
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
BNP Paribas building
Financials, Policy & Regulation
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
Financials
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...
read more

Continue reading

Financials
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
Financials, Sector Focus
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
Coal terminal
Capital Flows, Financials, Sector Focus
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
Shareholders voting at meeting
Financials, Policy & Regulation, Sector Focus, US
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
Electric car charging
Capital Flows, Financials, Sector Focus
April 24, 2023

Sovereign debt surges in green bond market

Government bonds now account for a fifth of the Bloomberg MSCI Green Bond Index. Sovereign bonds where proceeds are purely designated for green projects have steadily secured a greater share...
Read more