Sector Focus
March 28, 2023
Swiss banks finding loopholes to fund fossil fuel activity, says report
Study deems Swiss financial companies ‘complicit’ in funding fossil fuel growth, with UBS likely to become a European giant in the area following its acquisition...
read more
March 27, 2023
UK pension schemes could improve climate disclosures, regulator finds
A review of selected UK pension schemes’ annual climate reports finds that more could be done, as funds come to terms with new regulations on...
read more
March 27, 2023
Explainer: The future of clean hydrogen in the US
The adoption of clean hydrogen in the US has been given a much-needed boost by the Inflation Reduction Act. While a considerable number of projects...
read more
March 24, 2023
Chemical companies urged to present ‘credible’ decarbonisation plans
A coalition including Amundi and other asset managers is calling on some of Europe’s largest chemical companies to electrify production and set Scope 3 targets...
read more
March 21, 2023
UK financial regulator demands improvements on ESG benchmarks
The FCA has told benchmark administrators that they are failing to correctly implement ESG benchmarks’ methodologies. The Financial Conduct Authority has written to ESG benchmark...
read more
March 20, 2023
Policymakers tackle permitting bottlenecks in wind
Governments and policymakers in the UK and Europe have heeded the wind industry’s calls to reduce permitting bottlenecks, yet concerns persist over grid connections and...
read more
Continue reading
March 20, 2023
BoE to assess changes for capital frameworks on climate risk
The Bank of England will carry out more work on climate change and regulatory capital frameworks for banks and insurers. The Bank of England is to consider whether regulatory changes...
Read more
March 16, 2023
Banks account for greenwashing risk as scrutiny ramps up
With increasing fines and regulation against the overstatement of sustainability credentials, the financial sector is – finally – taking greenwashing seriously. From fines issued to banks and asset managers over...
Read more
March 15, 2023
‘Not the role of BlackRock’ to engineer climate transition, Fink says
BlackRock chief executive Larry Fink says it is for governments, technology and consumers to set the pace of decarbonisation. The world’s largest asset manager will focus on understanding what decarbonisation...
Read more
March 15, 2023
Credit Suisse climate strategy ‘not fit for purpose’, ShareAction says
The campaigning group has called on Credit Suisse investors to vote against the bank’s climate strategy at its upcoming annual meeting. Credit Suisse is asking shareholders to support its updated...
Read more
March 15, 2023
EU parliament approves building renovation rules
The vote to improve the energy efficiency of buildings will require €275bn in new investments a year and has been supported by both industry and environmental groups. The European parliament...
Read more