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A recent YouGov survey of more than 4,400 Brits found that 72% do not know whether their pension is invested in line with their values

Pension funds covering £3trn pressured on fossil fuel investments and net-zero alignment

Comic Relief co-founder Richard Curtis has launched a new campaign pressuring UK pension funds to halve the emissions of their portfolios by 2030 and bring them to net-zero by 2050.

The new two-day digital event is scheduled for 7-8 September 2020

edie launches brand new Sustainable Investment Digital Conference for September

edie is launching its first bespoke sustainability conference focused on green finance, with experts from ING, BlackRock and BNP Paribas set to discuss investment and the green recovery at the Sustainable Investment Digital Conference on 7-8 September 2020.

Financing and advising the green recovery

Lloyds Banking Group's sustainable business director Fiona Cannon discussed the organisation's recent sustainability commitment and why sustainability cannot fall down the priority list as nations recovery from the coronavirus pandemic.

Fossil fuel majors are believed to have received more than £2trn in finance since the Paris Agreement was ratified

Report: Global carbon budget will be exhausted in 15 years without fossil fuel finance overhaul

Without drastic action from banks, policymakers and regulators, the world risks becoming stuck in a "climate finance doom loop", whereby financial systems support the organisations contributing most to environmental changes which undermine their very security.

he 1,051 companies contacted account for $8trn in market capitalisation and are estimated to emit more than 4,800 megatonnes of carbon

Investors target Facebook, Nintendo and other business giants over climate disclosure

More than 1,000 multinational companies have been contacted by a group of more than 100 investors, calling for relevant data on environmental performance and stewardship to be disclosed to CDP.

Pictured: Refinitiv's head office in Canary Wharf.  Image: Kontors Bygnadd, CC BY 0.0 https://www.piqsels.com/sv/search?q=%23kontorsbyggnad

Refinitiv unveils new SDG-aligned sustainability strategy, including 1.5C science-based targets

After meeting its 2020 ambition of becoming carbon-neutral, Refinitiv has launched a new strategy through to 2030, centred around the UN Sustainable Development Goals (SDGs) and headlined by 1.5C-aligned emissions reduction targets.

The UK's domestic recovery plans will be laid out in full later this month - but what are key figures and organisations doing to ensure they account for environmental, as well as economic, issues? 

Race to Zero: What's set to be included in the UK's green Covid-19 recovery package?

The UK Government's landmark global campaign for mobilising net-zero support ahead of the postponed COP26 summit - 'Race to Zero' - was launched late last week. But what decarbonisation activities are the likes of Boris Johnson, Rishi Sunak and Alok Sharma backing for inclusion in national recovery planning?

An array of new businesses announcements are taking place on World Environment Day

NatWest's carbon calculator and Wilko's plastic pledge: The World Environment Day success stories

To mark World Environment Day (5 June) edie's Sustainability Success Stories arrive early, outlining fresh new commitments to sustainability across renewables, resources, the built environment and more.

A “do no harm” test embedded in the taxonomy will in principle exclude technologies like nuclear power

Coronavirus: EU's €750bn recovery fund to funnel investments towards climate action

The European Union's proposed €750bn fund to help the bloc recover from the coronavirus crisis will have green strings attached, with 25% of all funding set aside for climate action, the European Commission has said.

REGIO will access both public and private capital to fund climate mitigation projects in markets where access to capital is limited

HSBC raises £386m fund for climate mitigation in developing countries

HSBC, in partnership with the World Banks's sister organisation the IFC, has raised £386m ($474m) to support investments into climate mitigation across developing countries and markets.

Around 80% of the UK’s building stock for 2050 is already built

Government taskforce sets out tools to unlock £65bn investment into green housing

The UK Government's Green Finance Institute (GFI) has found that scaling up green retrofitting of the UK's existing housing stock would require investments of up to £65bn while supporting the economic recovery, as the Green Alliance calls for policy amendments to retrofitting in the UK.

Just 6% had explored short, medium and long-term risks that could emerge as the world moves along the low-carbon transition

Business giants failing to disclose climate-related risks

Europe's largest businesses are failing to provide relevant climate-related data to investors, which could jeopardise the European Union's aims to deliver a "just" carbon-neutral transition by 2050.

Both internally and externally the tools are being developed and a movement is emerging to kickstart a new era of sustainable business.

Chief value officers and ESG investors: What could green finance look like in the new normal?

Whatever the new normal looks like once nations have battled their way through the coronavirus, the recent rhetoric around green finance suggests that both internally externally, the value of sustainability to a business is set to grow.

The disclosure digest - Five steps to align sustainability with investor needs

This report is based on a session of discussions and co- creation hosted in association with edie’s 2020 Sustainability Leaders Forum. The half-day event took place on 3 February in London and saw sustainability managers from a wide range of businesses take part in collaborative roundtables. During the discussions, sustainability managers outlined key challenges and discussed the exciting new opportunities in the areas that mattered the most.

The total number of ESG bonds has increased modestly from 43 in March to 51 in April

ESG bonds rise by 270% year-on-year as finance community assists Covid-19 response

The issuance of Environmental, Social, and Governance (ESG) bonds has increased by 272% year-on-year, as investors and insurance firms take proactive steps to respond to the coronavirus pandemic.

The 11th Petersberg Climate Dialogue reiterated the need for climate action during the pandemic

Messages of hope: How world leaders are rallying for a green Covid-19 recovery

The two-day Petersberg Climate Dialogue finished yesterday evening, with ministerial leaders from the UK, Germany, the EU and the UN all delivering rallying cries for nations to focus on climate mitigation as part of any efforts to stimulate the economic downturned caused by the coronavirus outbreak.

The report notes that the UK offshore wind sector could have significant future employment potential and could act as an alternative for offshore oil and gas workers

EU's climate strategy can spur 'just' and resilient labour market

On the eve of the release of the EU's recovery strategy, a group of business leaders have called for the bloc's climate-neutral target to be coupled with a "just transition" that could deliver job growth against future climate, demographic and technological megatrends.

The Petersberg Climate Dialogue takes place over two days. Photo: BMU/Christoph Wehrer 2020.

Petersberg Climate Dialogue: Alok Sharma rallies for global net-zero transition policies

The Secretary of State for Business, Energy and Industrial Strategy (BEIS) and COP26 President, Alok Sharma, spoke at the 11th Petersberg Climate Dialogue to call on nations to "set clear targets and policies" that are aligned to a rapid net-zero transition and will stimulate green economic growth.

40% of banks are failing to develop financing and investing restrictions or exclusions on high-carbon portfolios

Barclays and HSBC blasted over £158bn fossil fuel financing

Banking giants Barclays and HSBC have been accused of financing a combined £158bn into the fossil fuel sector since the signing of the Paris Agreement in 2015, despite both organisations pledging to ramp up sustainable investment portfolios.

 EU leaders asked the EU executive to start preparing “a comprehensive recovery plan” that also integrates the green and digital transitions

EU says green finance will be 'key focus' of post-virus recovery phase

As European countries fight the coronavirus pandemic, they "must not lose sight" of the EU's climate neutrality objective, the European Commission reminded on Wednesday (8 April).

Between 1990 and 2016, the world lost 502,000 square miles of forest, according to the World Bank—an area larger than South Africa

Business giants including Tesco urge ministers to end supply chain deforestation by 2030

Tesco, McDonald's and WWF are among the businesses and NGOs urging the UK Government to set a legally binding 2030 target to end deforestation in agriculture and forest product supply chains.

The move comes after months of mounting pressure from investors and climate activists. Image: Barclays

Barclays sets 2050 net-zero climate policy, covering operations and investments

British banking giant Barclays has pledged to become a net-zero business by 2050, under new a new climate policy which covers both direct operations and finance allocated externally.

Western Europe continues to be the most mature market, accounting for nine of the top 10 and 12 places across the respective rankings

London tops green finance rankings, for now

London has again topped a ranking list of major cities for the quality of its green finance offerings and services, but looks set to slide down the table over the coming months.

Due to pressure from MPs and constituents, the pension fund publicised 20% of its holdings for the first time in 2017. Image: UK Parliament

MP's pension fund still investing in fossil fuels

MPs have yet again called for the trustees of the Parliamentary Pension Fund to divest from fossil fuel companies Royal Dutch Shell and BP, having finally integrated investment into renewables into the fund.

Analysis of 35 leading investment banks shows financing of more than $2.66tn for fossil fuel industries since the Paris agreement. Image: Michielderoo/ CC BY 3.0

Global banks 'failing miserably' on climate crisis by funneling trillions into fossil fuels, study finds

The world's largest investment banks have funnelled more than £2.2tn ($2.66tn) into fossil fuels since the Paris agreement, new figures show, prompting warnings they are failing to respond to the climate crisis.

Asset managers, corporates and the public remain largely unaware of the climate risks of their investments

Corporates and asset managers scrutinised as climate disclosure requirements take shape

As the Financial Conduct Authority (FCA) lines up new corporate disclosure measures, the Treasury Committee and NGO ShareAction have launched separate examinations of the performance of asset managers against key Environmental, Social, and Governance (ESG) metrics.

Sunak has said that decarbonisation and nature protection will receive headline mentions in this week's Budget - but green groups have urged the Treasury to go further and faster. Image: Rishi Sunak

Budget: Green groups urge £33bn annual investment to meet UK's net-zero target

Ahead of Wednesday's (11 March) Budget, green groups have put forward their key asks for Chancellor Rishi Sunak. Here, edie rounds up the calls to action - including recent IPPR analysis claiming that £33bn more must be spent annually on decarbonisation to meet the 2050 net-zero target.

New COP President Alok Sharma will also be quizzed next week

Multiple House of Lords committees launch climate change inquiries

Five House of Lords committees will quiz government representatives and external climate experts on topics ranging from internal carbon markets to climate impacts on migration, in a bid to strengthen preparations for the COP 26 climate summit.

The FRC will consider how investors are addressing climate change under a new Stewardship Code, which will be issued from the beginning of 2021

Financial Reporting Council launches 'major' review of corporate climate reporting

The Financial Reporting Council (FRC) is set to launch a major review into the quality of how companies and auditors are reporting on climate change impacts and risks, including the pace at which the Task Force on Climate-related Financial Disclosures (TCFD) framework has been adopted.

Britvic owns some of the UK's most recognisable soft drinks brands, including Robinsons and J20

Britvic signs for £400m sustainability-linked loan

Beverage manufacturing giant Britvic has signed for a £400m loan, whereby it will pay lower margins if it delivers progress against its plastics, emissions and nutrition targets.

The TCFD formed in 2015 and launched its recommendations in June 2017

'Climate risk is financial risk': TCFD surpasses 1,000 global supporters

The Task Force on Climate-related Financial Disclosures (TCFD) has revealed that more than 1,000 organisations are supporting its recommendations, including corporates with a combined market cap of $12trn and investors with $138.8trn of assets under management collectively.

Creating a sustainable food system depends on a shared mentality as well as collaboration

Like most industries, food and drink is grappling with how to create a sustainable and, where possible, circular system. At the heart of that challenge is dealing with the huge and extremely complex global food system, which encompasses the way we grow, make and consume food.

The analysis covers green bonds issued by businesses, financials, governments and government bodies

Green bond issuance soared to $185bn in 2019, report reveals

Global green bond issuance last year reached an all-time high in terms of both individual bonds issued and collective value issued, global law firm Linklaters has concluded.

The pledge will cover all 11 of Lloyds Banking Group's brands

Lloyds Banking Group to halve carbon emissions of investments by 2030

Lloyd's Banking Group has pledged to halve the carbon emissions generated by projects it finances by 2030, in support of the UK's 2050 net-zero target.

Baig has been working on corporate governance and disclosures for more than 15 years

Aviva Investors: Better corporate disclosure needed to help sustainable finance go mainstream

EXCLUSIVE: Investment firms are heeding climate warnings and honing their approach to sustainability, but ultimately need more information from the businesses in their portfolios in order to drive transformational change.

Image: Creative Britain, Open Government Licence 1.0

Chancellor vows to prioritise the environment as Budget date set

Chancellor Sajid Javid has confirmed that the UK's next Budget will be held on 11 March, promising fresh spending across the nation's green economy.

Aggregated results from the new tests are due to be published in 2021. Image: George Rex, CC BY SA

Bank of England planning mandatory climate 'stress tests' for banks and insurers

The Bank of England has unveiled plans to introduce a mandatory and uniform climate risk test for major banks and insurers in 2021.

Shell claims its decarbonisation targets are consistent with the Paris Agreement's 2C trajectory

Shell links $10bn credit facility to low-carbon progress

Royal Dutch Shell is linking the interest and fees paid on its new $10bn (£7.5bn) revolving credit facility to progress against its carbon targets.

Reports suggest that the UK won't reach its net-zero target without making the disclosure mandatory

Will 2020 be the year of mandatory climate disclosure?

Leading experts believe that it is "highly likely" that disclosing climate-related data to the Task Force on Climate-related Financial Disclosures (TCFD's) will become mandatory and have called on business professionals to start collecting and mapping data now.

Images: UNClimateChange Flickr

America's Pledge and Europe's Green Deal: What happened on days 8 & 9 of COP25?

COP25 - the UN's annual two-week-long climate summit - has entered its second week in Madrid. Here, edie rounds up all the key news and views from the last few days of the event.

The webinar is now available on-demand for registrants

Available to watch on demand: edie's TCFD webinar with Landsec, Avara Foods and CDSB

Experts from Avara Foods, Landsec and the Climate Disclosure Standards Board (CDSB) discussed how businesses should interact with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFDs) to improve sustainability, as part of a webinar that is now available to watch on-demand.

As Europe's green finance sector booms, the measures are designed to prevent greenwashing and ensure funding is allocated to the right projects 

EU reaches milestone by agreeing on green criteria for finance

MEPs and the Finnish presidency of the EU Council have agreed on a taxonomy to determine what economic activities can be considered 'green', paving the way for billions of euros to be invested to fight climate change.

Pictured: The Shotton surface coal mine in Northumberland. Image: Rab Lawrence 

Report: Coal 'becoming uninsurable' as cover withdrawal doubles

The number of insurance firms withdrawing cover for coal companies and assets has more than doubled between 2018 and 2019, a new report has revealed.

The EIB recently pledged to cease funding for fossil fuel projects after 2021 

Europe's climate-related investments lagging, EIB warns

The European Investment Bank (EIB) has used its latest annual investment report to warn that financing for green projects across the EU is "lagging" behind levels recorded in markets such as China and the US.

Pictured: The Manhattan Finance District. Image: Paulm27/ Wikimedia Commons 

Report: World's largest asset managers failing to champion global climate goals

Some of the world's biggest asset management firms, including the likes of BlackRock, Goldman Sachs and Morgan Stanley, are collectively failing to drive alignment with the Paris Agreement in their business models and policy lobbying.

The new targets came into effect late last week. Image: BNP Paribas

BNP Paribas vows to end coal financing by 2040

Corporate bank BNP Paribas has pledged to stop all funding for thermal coal globally by 2040, with an interim target of 2030 for EU Member States.

 The World Bank is planning to raise at least $3bn (£2.3bn) through 'blue bonds'. Stock image.

'Blue finance': World Bank and Credit Suisse partner for sustainable water bond

Swiss finance giant credit Suisse has partnered with The World Bank to issue a $28.6m (£22.2m) bond aimed at financing the protection and restoration of fresh and saltwater resources and habitats.

The fund will cover companies operating in four key sectors: food, urban systems, supply chains and lifestyle. Image: Credit Suisse 

Credit Suisse unveils SDG-aligned consumer fund to accelerate circular economy shift

Swiss investment bank Credit Suisse has launched a consumer fund aimed at spurring progress towards the targets of Sustainable Development Goal (SDG) 12: Responsible Production and Consumption, as consumer demands for green finance grow.

Apple’s green bond offerings now total £3.7bn ($4.5bn)

Apple almost doubles green bond offers after £1.7bn fund launch

Apple has issued a new £1.7bn ($2.2bn) green bond offering, nearly doubling its total green bond issuance to almost £3.9bn ($5bn).

Image: Dan Marsh/CC-BY-SA-2.0 

Prince Charles: Banks are crucial to 'cracking' the climate crisis

Prince Charles has urged financial institutions to develop a "real understanding" of the influence they have to bring about a net-zero, resource-efficient economy, arguing that the sector has been "closed-minded" and slow to react in the past.

The FCA said the statement 'will provide a foundation for its future work on climate change and green finance'. Image: FCA

FCA launches new measures to tackle 'greenwash' as green finance booms

The UK's Financial Conduct Authority (FCA) has unveiled a string of new measures designed to prevent issuers from 'greenwashing', covering challenges such as climate risk reporting and the accessibility of 'green' products such as mortgages.

Carney (pictured) launched the TCFD in 2015 with Michael Bloomberg. Image: Bank of England

'Draw up climate rules or have them imposed', Bank of England tells corporates

The governor of the Bank of England has warned major corporations that they have two years to agree rules for reporting climate risks before global regulators devise their own and make them compulsory.

The green bond was led by Morgan Stanley, which launched a dedicated plastics financing platform earlier this year

PepsiCo prices $1bn green bond to assist with plastics phase-out

PepsiCo has priced its first ever green bond at $1bn, which will be used to fund initiatives to reduce plastic content in packaging, improve supply chain engagement and management and boost water stewardship.

(L-R): BlackRock fund manager Evy Hambro; Ellen MacArthur Foundation chief executive Andrew Morlet; BlackRock fund manager Sumana Manohar and The Ellen MacArthur Foundation’s executive lead for plastics, fashion and finance, Rob Opsomer. 

BlackRock launches its first dedicated circular economy investment fund

The world's largest asset management firm, BlackRock, has launched its first investment fund dedicated to accelerating the global development of a circular economy.

Less than one-fifth of the banks studied have set time-bound, numerical targets for fossil fuel divestment or clean energy investment. Image: Paulm27/ Wikimedia Commons

Report: Less than half of global banks have sustainable energy finance commitments

Just 23 of the world's largest 50 banks have outlined commitments to invest more in renewable energy and less in fossil fuels, a new report from the World Resources Institute (WRI) has concluded.

The report notes that investor pressure played a key role in net-zero commitments from corporates including Nestlé, ArcelorMittal, Centrica and Thyssenkrupp

Investor pressure slowly pushing firms to set net-zero targets

An investor group overseeing more than $35trn in assets has seen positive responses from corporates on calls to cut net emissions to zero by 2050, despite the group's first progress report finding that just 9% of the companies it has focused on have set targets aligned with a 2C warming.

"Greenwashing", a lack of information and a lack of products were cited as key barriers to SDG-aligned investing

Survey: Two-thirds of UK public want their investments aligned with the SDGs

A new Government-led study on financing the progress towards the UN's Sustainable Development Goals (SDGs) has found that more than two-thirds of UK investors want their portfolios to solely support projects driving progress against the 17-Goal agenda.

Pictured: Logging operations in Pomio, New Britain, Papa New Guinea, to make way for agri-food. Image: Fabio Erdos / Panos 

UK banks 'pouring billions into fossil fuels and deforestation', despite green pledges

UK banks have allocated almost £150bn of funding for fossil fuel projects since the start of 2016 and continue to collectively hold 146 investment pots in firms driving significant levels of rainforest deforestation.

In its position, the Council included six objectives that would help to distinguish what represents ‘green finance’

EU Council maintains nuclear as eligible for 'green' finance

EU ministers have decided not to exclude nuclear projects from being eligible for sustainable finance grants, despite the demands of a group of member states and the European Parliament.

(Image: Wikipedia/Foreign and Commonwealth Office)

Boris Johnson unveils £1bn climate aid fund and forest restoration push

UK Prime Minister Boris Johnson has announced a £1bn fund to aid developing nations in transitioning to a low-carbon economy and tackling climate change, alongside a fresh new push to halt deforestation.

Climate resolutions have become increasingly common at stakeholder votes, as investor and public pressure for businesses to act on climate change grows. Image: PXHere 

Wall Street investment giants 'voting against key climate resolutions'

Some of Wall Street's largest asset management companies are failing to live up to commitments to use their voting power to fight the climate crisis, according to a new report.

This weekly round-up details how businesses across the world are ramping up ambitions and actions across all areas of sustainable development 

E.ON's green bonds and Dundee's solar car park: The sustainability success stories of the week

As part of our Mission Possible campaign, edie brings you this weekly round-up of five of the best sustainability success stories of the week from across the globe.

H2 of 2018 was widely regarded as a difficult period for green finance, but the market is showing signs of resurgence 

Reports: Sustainable finance 'growing rapidly' in Europe

Europe's sustainable finance market experienced "rapid" growth during the first half of 2019, despite a challenging end to 2018, new analyses have concluded this week.

The EU’s lending arm financed oil, gas and coal projects in 2018 with more than €2.4bn

EIB plans to cut all funding for fossil fuel projects by 2020

The European Investment Bank (EIB) has vowed to end its multibillion-euro financing for fossil fuel projects by the end of next year in order to align its strategy with climate targets.

The survey covered businesses of all sizes across all major sectors 

HSBC: Investment in sustainability becoming mainstream for UK businesses

Against a backdrop of new green legislation and increasing consumer demand for low-carbon, resource-efficient products and services, almost half of UK businesses are planning to up their sustainability-related investments over the next two years.

UN General Assembly in New York

UN launches Green Finance Platform to improve banks and business interactions

The UN's Green Growth Knowledge Platform (GGKP) has launched two new platforms to improve the dialogue and actions between the finance sector and businesses in order to accelerate the growth of green finance.

Aftermath Cyclone Idai and Cyclone Kenneth in Mozambique and Zimbabwe

UK Government provides £250m climate aid package for Africa

The UK Government has announced its largest single direct climate investment in Africa, after pledging to provide a £250m aid package to help the continent improve climate resilience.

The index was launched today (8 July) by London Stock Exchange Group subsidiary FTSE Russell

'World's first' climate-based government bond index launched in London

Global index and analytics giant FTSE Russell has launched a new bond index which weights products on how prepared their respective governments are to mitigate and adapt to climate impacts.

Hundreds of climate-related events took place across London 

Sustainable Business Covered podcast: The London Climate Action Week relay

Episode 67 of the Sustainable Business Covered podcast sees the edie team travel to numerous events during London Climate Action Week, securing exclusive interviews with the Green Finance Institute, Microsoft, the Green Alliance and more.

UK to put climate crisis and environment at the heart of overseas aid

The UK will have an "ethical" development policy that puts the climate emergency and environmental protection at the heart of overseas aid, with more than £190m to be spent directly on climate-related issues in the first initiative, the Government has announced.

The RSA and RCEM hope their commitments will inspire broader action

Royal institutions divest from fossil fuels, encourage others to follow suit

To mark London Climate Action Week, the Royal College of Emergency Medicine (RCEM) and the Royal Society of Arts have sold all remaining shares in fossil fuel companies.

Thomas noted that businesses needed to get better at providing relevant data to investors. Image: GFI

What does the Green Finance Strategy mean for business?

Following the launch of the UK Government's Green Finance Strategy, the chief executive of the Green Finance Institute has outlined how climate disclosure, policy signals and a robust business case for sustainability will transform how corporates engage with the finance community.

HSBC has pledged to provide $100bn in sustainable financing by 2025. Image: HSBC

HSBC to support UK businesses with green finance offerings

One day after the Government launched its Green Finance Strategy, banking giant HSBC has launched a new range of green finance services aimed at helping businesses of all sizes strengthen sustainability initiatives.

Eight reasons why green finance is becoming mainstream

Halfway through London Climate Action Week and it seems that sustainable finance is the hot topic. Here, edie explores the key drivers behind why green finance is growing from a niche interest to a business-critical concern.

Dr Lee noted the need for more robust carbon pricing. Image: IPCC

IPCC chair: Global transition to net-zero 'not a burden' to the economy

The chair of the Intergovernmental Panel on Climate Change (IPCC), Dr Hoesung Lee, has dismissed fears from investors and nations that reaching net-zero emissions will place too much strain on the global economy.

The strategy includes expectations for publicly listed companies and asset owners to disclose climate risk and impact data by 2022

UK unveils Green Finance Strategy to drive progress towards net-zero goal

The UK Government has unveiled its highly anticipated Green Finance Strategy, outlining how the finance sector and better climate disclosure from corporates can drive progress towards wider action on climate change and the push towards net-zero emissions.

The IMO 's 2050 argets were set in 2018 and are bolstered by a short-term roadmap to 2023

Banking giants commit to align maritime shipping investments with climate goals

A group of 11 big-name banks have pledged to align their investments in the shipping sector with the International Maritime Organisation's (IMO) goal of halving emissions by 2050, against a 2008 baseline.

The six-month inquiry began last December 

MPs call for halt on support for fossil fuels in developing nations

Of the £2.6bn which the UK's export credit agency spent supporting energy exports abroad between 2013 and 2018, 96% was funnelled into fossil fuel projects, mostly in developing nations.

Michael Bloomberg announces $500m campaign to end US coal generation

Billionaire businessman and philanthropist Michael Bloomberg has announced a $500m investment aimed at fighting climate change by ending coal-fired electricity generation in the US. 

The Committee will examine the role of finance in meeting the UK's fourth and fifth carbon budgets

MPs examine how Treasury and finance sector can help decarbonise UK economy

MPs on the Treasury Committee have launched an inquiry scrutinising the climate impacts of the Treasury and the financial services sector, with the aim of determining how these actors can change their ways in order to spur decarbonisation progress ahead of the fourth and fifth carbon budgets.

Around one-quarter of the potential losses were attributed to stranded assets

CDP: Climate risks could cost corporates $1trn, with biggest losses before 2025

A group of 215 of the largest companies in the world risk collectively losing up to $1trn to climate impacts, with most of this risk set to hit within the next five years, new research from CDP has found.

The issuance is the first in a series of planned green re-financing initiatives for Co-op Group

Co-op issues £300m bond supporting Fairtrade movement

Retailer Co-op's parent organisation Co-op Group has raised a £300m green bond which will be used to support the Fairtrade movement's bid for more sustainable farming supply chains.

<p>£1.4bn of the financing for Tideway's £4.3bn 'super sewer' project is accounted for by green bonds</p>

How SDG alignment helped Tideway engage key investors

EXCLUSIVE: Several companies to have aligned their strategies with the UN's Sustainable Development Goals (SDGs) have claimed that doing so has improved communications and created a more joined-up approach - but for Tideway, a further benefit has been gaining investor buy-in.

The second episode in this six-part series explores how Brexit will affect the policy and business spheres' approach to green finance

The Big Brexit Questions podcast: What next for green finance in the UK?

In the wake of Prime Minister Theresa May's decision to delay the deadline to organise a departure from the European Union, edie's new podcast mini-series explores the impact of Brexit on key areas of the UK's green economy. Up next: Green finance.

The oil and gas, consumer goods, industrial and healthcare sectors were deemed to be at high financial risk from natural impacts such as extreme weather events and biodiversity loss

Three-quarters of UK FTSE All-Share firms 'highly dependent' on natural capital

Almost three-quarters (74%) of UK businesses listed on the FTSE All-Share Index have been dubbed "potentially highly dependent" on natural resources such as clean air, water and soil in a new study on nature-related business risks.

Walmart hopes the move will encourage greater disclosure and innovation from suppliers. Pictured: Solar arrays operated by Walmart China

Walmart partners with HSBC to launch green finance programme for suppliers

As part of a partnership with HSBC, US-based retail giant Walmart has developed a green finance initiative that rewards suppliers for setting, meeting or exceeding ambitious sustainability aims.

The coalition was founded at the Paris One Planet Summit in 2017 and is convened by Banque De France

Coalition of central banks urge finance sector to 'raise the bar' on climate action

A coalition of 36 central banks and regulators, including the Bank of England and the World Bank, have issued a rallying cry urging all stakeholders across the global sector to address climate challenges by "greening" the financial system.

The We Mean Business Coalition represents 889 companies with $17.6trn in market capitalisation collectively

We Mean Business boss: Companies must 'embed' ESG to survive low-carbon transition

EXCLUSIVE: In the face of pressing climate challenges, the business and finance sectors must now collaborate to ensure that environmental, social and governance (ESG) issues are embedded in all financial decisions to spur the creation of a zero-carbon economy.

The bond will mature in 2041, with Yorkshire Water claiming it is the longest dated sustainability bond issued in GBP to date

Yorkshire Water launches sustainability bond

Yorkshire Water has launched its first sustainability bond in a bid to raise £350m from investors.

The UN Global Compact has previously warned that firms which do not communicate both positive and negative contributions to all 17 Global Goals could soon lose out on investment

SDGs becoming a 'new compass' for sustainable investing, survey finds

More than half of institutional investors to have incorporated environmental, social and corporate governance (ESG) issues into their frameworks are using the UN's Sustainable Development Goals (SDGs) as a guideline, a new survey has found.

The scheme will fund large-scale conservation and restoration activities across Scotland's forests, lakes and coastline

'The £1bn challenge': Natural capital investment project launched in Scotland

The Scottish Environment Protection Agency (SEPA) and the Scottish Wildlife Trust have teamed up to launch a new project aiming to attract £1bn of investment in protecting the nation's natural capital.

CISL's findings indicate that in some developing nations, 100% of losses caused by natural disasters were not covered by insurance

Reports: Policy support for climate adaptation investments 'insufficient'

Insufficient policy support has left investors and lenders across the world struggling to identify, measure and adapt to climate challenges relevant to their portfolios, a pair of new reports have found.

Of the 143 targets considered relevant to the domestic delivery of the SDGs, a report notes that the UK is only performing well on 24% of its targets

UK Government urged to increase engagement with the SDGs

The CBI and International Chamber of Commerce (ICC) have called on the UK Government to create "clear definitions" and communication plans to act on the UN Sustainable Development Goals (SDGs), using access to green finance to mobilise private sector action.

BlackRock's new report charts the rapid growth of green finance in the US and EU since 2013

Sustainable investing is finally 'going mainstream', BlackRock claims

As concerns that the next financial crash may be climate-related grow, impact investment and green finance products are "going mainstream" and ceasing to be classed as a "niche" area, global investment management firm BlackRock has claimed.

The Forum's founding firms have issued two-thirds of Europe's green bonds by volume

Major utilities team up to launch sustainable finance hub for European businesses

Utility giants EDF, SSE and Ørsted are among the 16 companies which have co-founded a new forum aimed at helping Europe's business community champion sustainable finance and impact investing.

The EIB has issued more than €23bn (£20bn) through Climate Awareness Bonds since 2007

European Investment Bank to face legal action over biomass loan

The world's largest multilateral finance firm is set to be taken to the European Union's highest court later this year, after green campaigners argued its decision to loan €60m (£53m) to developers building a biomass facility in Spain.

Reflections from COP24

It's was an interesting week at what was perhaps the most important UN conference since the Paris 2015 deal.

The banks have committed to adopt a

Banking giants pledge to align investment portfolios with Paris Agreement

BBVA, BNP Paribas, Standard Chartered and Société Générale have pledged to measure the climate-related impacts of their lending portfolios and assist companies they invest in with aligning their respective sustainability strategies with the Paris Agreement goals.

The bond will be used to finance renewables and built environment projects

How ING achieved boardroom buy-in to launch its second green bond

EXCLUSIVE: Banking giant ING was able to launch its second green bond earlier this month due to its past experience in structuring external green bonds for sustainability-conscious clients, the firm's global head of sustainable finance Leonie Schreve has claimed.


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