Sector Focus
March 14, 2023
UK to expand decarbonisation requirements for combustion power plants
The UK government plans to remove the 300MW threshold to include smaller plants, extending "decarbonisation readiness" requirement to all but the specifically exempt. The UK...
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March 13, 2023
SVB collapse: What now for clean tech financing?
The failure of Silicon Valley Bank has sent shockwaves through the start-up community globally in the biggest US banking collapse since the 2008 financial crisis....
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Activist investor targets Santos over ‘unacceptable’ environmental performance
Australian oil and gas company Santos has come under fire from an activist shareholder over its ESG approach. Oil and gas company Santos, which operates...
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March 9, 2023
What could the EU’s CBAM mean for emerging markets?
The EU mechanism to reduce carbon emissions related to imports could cause issues for developing countries, experts warn. The carbon border adjustment mechanism (CBAM), which...
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March 8, 2023
Investors accuse Vanguard of violating fiduciary duty over climate risk
More than 1,400 Vanguard clients have written to urge the asset manager to improve its engagement and prioritise decarbonisation in its proxy voting. Vanguard has...
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March 8, 2023
Female participation in UK finance more than 30% down since 1997
New report highlights women's persistent challenges in reaching senior positions and mirrors the findings of similar research across Europe. Analysis from the London Stock Exchange...
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March 7, 2023
Climate policies likely to reduce capital costs for renewable electricity firms, study finds
European renewable utilities, supported by climate-friendly policymaking, have a lower cost of capital than their fossil fuel counterparts, according to a new report from the Oxford Sustainable Finance Group. Europe’s...
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March 7, 2023
UK CBAM could lift domestic industry steel orders by £500mn, says campaign group
A carbon border adjustment mechanism could help to increase demand for UK-produced steel, according to research by campaigner CleanTrade. Construction industry orders of UK-made steel could increase by £500mn every...
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March 6, 2023
Explainer: The impact of Republicans' anti-woke campaign
US Republicans are blocking legislation that would allow pension funds to consider ESG factors in their investments and are blacklisting lenders and asset managers that have anti-fossil fuel policies, but...
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UK climate minister slammed for backing new oil and gas licences
Minister for energy security and net zero tells Conservative meeting that granting new fossil fuel licences is not against the UK’s net zero commitments, and the North Sea has a...
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March 2, 2023
From regulatory fines to lawsuits: The Asic vs Mercer greenwashing case
In an unprecedented move, Australia’s financial regulator has resorted to the courts to tackle allegedly misleading ESG claims. The Australian Securities and Investments Commission has launched legal proceedings against corporate...
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