investors

Related content

Greenpeace is calling for the UK Government to introduce “specific duties” for companies and auditors to ensure that “climate risk is reflected in financial statements”

Shareholders ignoring auditor approaches to climate risk, report warns

Shareholders at listed UK companies are failing to hold auditors to account on an inability to manage and address climate-related risks, a new report from Greenpeace has warned.

In terms of market capitalisation, ExxonMobil was one of the top three offenders named in the report

Eight in ten oil and gas majors on track to breach Paris Agreement, despite increase in net-zero pledges

An analysis of the emissions and climate plans of 58 oil and gas giants has found that most are failing to decarbonise in line with climate science, with Saudi Aramco, ExxonMobil and Chevron among the worst offenders.

edie speaks to experts to uncover how the market for NbS is improving to alleviate fears of greenwash

From greenwash to supply squeezes: How COP26 changed the nature-based solutions market

At COP26 earlier this month, the mechanisms on the Paris Agreement rulebook were finally agreed upon, with key aspects on carbon markets defined in unison by world nations. So, will this new and strengthened carbon market assist corporate net-zero targets, particularly through the lens of nature-based solutions?

Pictured: Smiths School of Enterprise and the Environment, where the Group is based. Image: Oxford University

Oxford University bags £4.5m from Ikea Foundation for sustainable finance research

Retailer Ikea's charitable foundation is allocating a £4.5m grant to the University of Oxford's Sustainable Finance Group, which is working to help the UK's financial sector align with the Paris Agreement's climate pathways.

IONITY currently has 1,500 charging points across 400 locations, including 16 in the UK

IONITY: Car giants and BlackRock plan €700m investment to scale rapid EV charging network

The automakers behind the IONITY venture - which is planning to create a "super" network of rapid electric vehicle (EV) chargers across Europe - have announced an investment package aimed at quadrupling the project's charging stock by 2025.

PwC found that 58% of FTSE 100 companies now link ESG measures to executive pay, which is more than a 30% increase year on year

FTSE 100 firms increasingly linking executive pay to ESG measures

New research from PwC has found that almost two-thirds of FTSE 100s now include some sort of environmental, social and governance (ESG) measure as part of executive incentive pay plans, up from less than half in 2020.

For most large fashion brands, emissions from production, manufacturing and materials will all be higher than from direct operations

Bringing fashion industry emissions to net-zero by 2050 'a $1trn investment opportunity', report finds

The global fashion industry is currently on a 3C temperature pathway and bringing it down to 1.5C, a new report has revealed, will take $1.04trn of investment in low-carbon solutions and moves to dramatically improve resource efficiency.

Triodos is aiming to have it's net-zero target validated by the SBTi

Insetting and mandatory disclosure: Triodos Bank on how the finance sector can reach net-zero

Last week, Triodos Bank UK unveiled a net-zero emissions target for its loans and fund investments for 2035. To mark Net-Zero November, the bank's chief executive Bevis Watts discusses how mandatory planning and disclosure can drive the sector to invest in low-carbon and nature-based solutions.

Jesus College, Cambridge (pictured) is one of the Declaration's first signatories

'COP26 Declaration': £5.9bn asset owners set out net-zero expectations

UK-based asset owners with investments of more than £5.9bn, including universities and NGOs, have called for their asset managers to align their portfolios with a 1.5C temperature pathway on the road to net-zero by 2050 at the latest and have set minimum expectations for fund managers on exclusions, divestment and engagement.'

Images: UNClimate CHange (flickr)

The first week of COP26: The 10 biggest stories

It's half-time on the two-week push to move the world towards the 1.5C ambition of the Paris Agreement, with negotiations set to continue following a rest day on Sunday (7 November). Here, edie summarises all the key development from the first week of COP26.

Image: UNFCCC, CC-BY-NC-SA 2.0 https://www.flickr.com/photos/unfccc/51657861759/in/album-72157720120808202/

8 things you need to know from Nature Day at COP26

Saturday (6 November) here at COP26 was Nature and Land Use Day, with a flurry of major announcements coming from nations, the finance sector and consumer goods companies. Here, edie rounds up eight key headlines from the day.

HSBC UK's chief executive unveiled the new loan offering at COP26

HSBC UK launches £500m green fund for SMEs

UK banking giant has launched a new £500m green funding initiative to help small and medium-sized businesses decarbonise and invest in green initiatives.

Image: IFRS Foundation

'Moving the trillions': 6 things you need to know from Finance Day at COP26

With the World Leaders Summit wrapped up, the COP26 presidency programme now consists of themed days for non-state actors, as negotiations continue. Wednesday (3 November) was finance day - one of the most highly anticipated. Here, edie rounds up six key headlines from the day.

Announcements are spilling out of COP26 from all angles 

Top 10 talking points: The story so far at COP26

It's been a frantic first few days at COP26 as world leaders opened the two-week negotiations with a raft of new pledges and collaborative efforts to tackle some of the world's most pressing environmental issues. Here, edie rounds up the key talking points so far.

Carney claimed the $130trn from GFANZ was sufficient in delivering net-zero

International Sustainability Standards Board launches as investors worth $130trn focus in on climate

The IFRS Foundation Trustees have marked Finance Day at COP26 by confirming the formation of an International Sustainability Standards Board (ISSB) to create a globe baseline for corporate sustainability disclosures that meet investor demands.

World Leaders are continuing to give opening speeches, but financial announcements are being made and coalitions launched at a pace

Clean energy at COP26: Philanthropists and investors launch $100bn alliance as UK and India collaborate on green grids

The Bezos Earth Fund, Ikea Foundation and Rockefeller Foundation have forged a major new alliance with central investment banks, aiming to mobilise $100bn for renewable energy, other low-carbon technologies and green jobs.

The UK becomes the first G20 nation to legislate TCFD reporting

UK to enforce mandatory TCFD reporting from April 2022

The UK Government has today (29 October) confirmed it will make it mandatory for large companies to disclose information in alignment with the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD), becoming the first G20 nation to enshrine it into law.

The validation process will open for corporates in January 2022

Science Based Targets initiative launches net-zero standard for corporates

The Science Based Targets initiative (SBTi) has today (28 October) unveiled the world's first standard for corporate net-zero emissions aligned to climate science.

Globally, organisations with more than $39trn of assets have either completed fossil fuel divestment or committed to doing so

Pension giant ABP to divest €15bn from fossil fuels by 2023

One of the world's largest pension funds, Dutch fund ABP, has announced plans to divest its €15bn of holdings in fossil fuel companies and projects within 18 months.

The guidance papers were launched ahead of COP26

Net-zero guidance launched for financial institutions and pension providers

Ahead of the G20 Summit in Rome this weekend, the UN Environment Programme Finance Initiative (UNEP FI) has published a set of recommendations for financial institutions to reach net-zero, while a net-zero transition plan has also been published for pension providers.

Pictured: Glasgow, one of the six cities making fresh commitments, and the host city for COP26

Global fossil fuel divestment movement surpasses $39trn as cities and faith groups make new pledges

More than 70 faith institutions and the cities of Glasgow, Paris, Copenhagen, Seattle, Auckland and Rio De Janeiro have committed to divest from fossil fuels, pushing the global amount of capital covered by such commitments to $39.2trn.

Image: Rio Tinto

Rio Tinto announces $7.5bn plan to halve operational carbon emissions by 2030

Multinational mining giant Rio Tinto has increased its decarbonisation targets and announced a $7.5bn spending plan to support the halving of operational carbon emissions by 2030.

The second green gilt is a 32-year bond, maturing on 31 July 2053, making it the sovereign green bond with the longest maturity in the world

UK's second green gilt raises a further £6bn for low-carbon projects

The UK Treasury has confirmed the second sale of its green gilts package, bringing total funding for projects assisting the net-zero transition to £16bn to date.

Around 1.7% of GDP derived from taxes on fossil fuels

Net-Zero Review: Carbon pricing won't offset tax revenue losses from fossil fuels

On the day that the UK's Net-Zero Strategy was published, the Treasury has warned that policies must be put in place to address a £37bn deficit that could arise from a loss of tax revenue as the shift away from fossil fuel continues.

Pledges to report in a TCFD-aligned manner are up significantly, while improvements in actual reporting continue incrementally

TCFD support skyrockets as climate risks and opportunities reporting creeps up

More than 1,000 additional organisations have voiced support for the Task Force on Climate-Related Financial Disclosures (TCFD), bringing the combined market capitalisation of all supporters to $25.1trn (£18.3trn).

Image: HM Treausury Flickr

Greening Finance: Treasury outlines major sustainability disclosures plan to crack down on greenwashing

HM Treasury has released details on a package of new sustainability-related disclosure requirements, designed to tackle greenwashing in the financial space and encourage corporates to front-load their transitions to net-zero.

AXA has covered more than 60,000 hectares of forests through certification schemes

AXA unveils €1.5bn biodiversity commitment

Insurance company AXA has unveiled a new €1.5bn commitment to improve biodiversity and combat deforestation across key global hotspots.

71% of the UK's pensions sector is equivalent to some £2trn

Only 3 in 10 major UK pension schemes have credible net-zero plans

The Make My Money Matter Campaign has released research concluding that 71% of the UK's largest pension schemes do not yet have credible plans for reaching net-zero - a proportion representing more than £2trn.

HSBC sets 2050 net-zero financed emissions target for £36bn UK pension scheme

One of the largest corporate pension schemes in the UK has set a 2050 net-zero financed emissions targets, with an interim aim to halve emissions by 2030.

Pension funds, like other players in the finance sector, have been urged to provide clarity on their climate action plans before COP26

Avon, Phoenix Group and TfL: Pension schemes covering billions bolster net-zero ambitions

The £10.6bn Transport for London (TfL) pension fund, £4.5bn Avon Pension Fund, and Phoenix Group, which manages £250bn of investments, have all set interim ambitions to reduce financed emissions on the road to net-zero.

The report's calculations cover temperate and tropical forests

Large-scale reforestation to become a $1trn investment opportunity, report finds

Landowners stand to create a $1trn investment opportunity by the end of this century, through action to restore degraded forest ecosystems, according to a new report.

The companies targeted by the investors collectively produce annual emissions greater than the US and EU combined

Investors and lenders worth $29trn push corporates to align climate targets with science

High-emitting companies including Samsung, Hyundai, Tata Steel and Lufthansa are being urged by an influential coalition of financial institutions to increase the ambition of their climate targets.

Pictured: A carbon capture array. Image: Climeworks

$6.6trn investor coalition calls for massive investment in carbon removal solutions

An influential coalition of investors, representing $6.6trn in assets, is calling for a rapid scale-up of global investment into carbon removal solutions, to the extent that their capacity is more than ten times higher in 2050 than 2025.

Collectively, Paris Aligned Asset Owners now represent more than $2.35trn in assets 

Major UK pension funds among latest investors to join global net-zero commitment

Tesco Pension Investment, the London Pensions Fund Authority and Railpen are among 12 asset owners to have this week joined a global collaboration designed to spur the transition to net-zero-aligned investing.

Are you ready to follow in Cyan Finance's footsteps? Entries for the 2022 Awards close on 1 October 2021

What makes a sustainability leader? Meet green investment champions Cyan Finance

With the entry deadline for edie's 2022 Sustainability Leaders Awards just one week away, this series showcases the achievements of previous winners and reveals their secrets to success. Up next: Winner of our 'Investor of the Year' award, Cyan Finance.

World leaders are set to discuss a global biodiversity framework next month, as part of virtual CBD negotiations

Investors call for stronger global biodiversity framework to be delivered at COP15

A group of investors worth more than $10.6trn in assets under management has issued a statement ahead of the Convention on Biological Diversity's COP15 next month, calling for heightened global action to end deforestation and ensure sustainable land use.

UK's first sovereign green bond package raises £10bn

The UK Government has today (21 September) launched its first green gilt, with reports that investors have placed a record £90bn in orders for the bond.

Pictured: Flooding in York, 2015

Report: 9 in 10 European businesses not properly preparing for climate risks

A survey of more than 700 chief audit executives has revealed that just over one in ten (12%) believe their organisation is making sufficient efforts to measure, reduce and adapt to climate risks.

edie commits to amplify Race to Zero membership by supporting readers, event attendees and club members in their decarbonisation efforts

edie announced as official Race to Zero Accelerator and media partner ahead of COP26

edie has today (21 September) been announced as an official "Accelerator" of the UN-backed Race to Zero campaign as part of a concerted effort to build momentum for the global race to net-zero emissions in the run-up to the COP26 climate talks.

The new Initiative will report annually on its progress 

Investment consultants advising $10trn of assets launch new net-zero initiative

A dozen investment consulting firms, collectively responsible for advising asset owners and managers worth $10trn, have launched a new global initiative aimed at accelerating the net-zero transition.

The investors will now launch a pilot programme to trial the standard with volunteering businesses including BP, Eni, Repsol, Shell and Total

Investors spell out net-zero expectations for oil and gas sector

A host of global investors, worth a collective $10.4trn in assets under management, have engaged with the likes of BP and Shell to lay out expectations as to how the oil and gas sector should transition to net-zero emissions.

The consultancy is calling for investors and corporates to strengthen relations and disclosure related to current or intended net-zero business pledges

Half of UK investors facing 'major' climate-related risks to assets

Around 50% of the UK's institutional investors are facing "major" climate-related threats that could impact the value of their portfolios - namely those focused on the private sector - according to new research.

The chemicals sector is responsible for between 5% and 6% of global annual emissions

$1.6trn investor coalition pushes chemicals sector on net-zero

It is technically feasible to fully decarbonise the production of chemicals by 2050 and it is becoming increasingly economically viable to do so, according to responsible investment group ShareAction.

The new report builds on the IEA's recent call to end the expansion of the fossil fuel sector immediately 

Report: Oil and gas firms must halve production by 2030 if world is to deliver Paris Agreement

Oil and gas companies must plan for major production declines by the 2030s to meet the 1.5C target laid out in the Paris agreement, or risk losing $1trn, according to a new report.

80% of the banks have net-zero financed emissions targets for 2050 or sooner - but questions remain as to how this milestone will be reached

Europe's biggest banks failing to end coal financing despite net-zero climate pledges, report finds

An analysis of how 25 of Europe's largest banks are acting on climate issues has found that fewer than half have committed to ending financing for coal activities.

The UK Government has voiced support for the creation of the new body

Accountants and investors call for new global sustainability disclosures body to be based in London

Bodies representing swathes of the UK's financial sector have called for a planned new global body overseeing sustainability-related disclosures from businesses to be based in London, following a bid from Canada.

Image: Climeworks

Swiss Re turns to Climeworks' direct air CO2 capture to meet net-zero goal

Swiss Re has signed a ten-year agreement with carbon capture tech firm Climeworks, under which it is purchasing carbon removals from direct air capture (DAC) facilities and the associated carbon storage.

More than 90% of metal produced in the world is steel, and the sector is accountable for around 9% of global emissions

Investors lay out expectations for steel sector to reach net-zero emissions

An initiative involving more than 500 investors representing $55trn in assets has outlined a set of priorities that it will engage in to help the global steel sector reach net-zero emissions by 2050 at the latest.

Since 2000, the world’s coal-fired power capacity has doubled, with growth in China and other Asian nations accounting for the bulk of the expansion

Finance giants 'drawing up plans to accelerate coal plant closures in Asia'

Financial firms including Prudential, BlackRock Real Assets, HSBC and Citi have reportedly signaled their support for a new proposal from the Asian Development Bank, designed to accelerate the transition away from coal-fired electricity.

Investors are calling for net-zero targets to come with detailed transition plans

Investors seek accountability over corporate net-zero commitments

More than 50 global investors, managing more than $14trn in assets, are calling for new corporate governance structures and standards to be introduced to improve the accountability of net-zero carbon commitments.

Howard Boyd will help oversee the GFI’s work in the build-up to the COP26 climate summit this November in Glasgow

Emma Howard Boyd confirmed as interim chair of Green Finance Institute

The Green Finance Institute (GFI) has announced that the Environment Agency's chair Emma Howard Boyd CBE has been appointed as interim chair at the institute, following the passing of Sir Roger Gifford in May.

Scottish Widows research found that 56% of defined benefit (DB) pension savers would consider investing their pension funds in clean, fossil fuel-free energy

Scottish Widows 'reboots' £250m environment fund to screen against fossil fuels

Scottish Widows has launched a 'rebooted' Environmental Fund that will give six million customers the chance to invest in "great green" British businesses, while screening against exposure to fossil fuels.

According to the report, investment is now an “industry that is in transition” with ESG approaches become more commonplace

'An industry in transition': Sustainable investments now account for one-third of global market

Sustainable investment approaches that consider environmental, social and governance (ESG) factors in portfolios have grown by 15% over the last two years and now account for more than a third of professionally managed assets across all major markets.

The research warns that agriculture is lagging behind, with just 0.1% of its annual $8trn going into circular initiatives

Circular economy attracting $1.3trn in annual investments, but dwarfed by linear spending models

Governments, investors and corporates collectively funnel more than $1.3trn annually into circular economy initiatives, but this is just a fraction of the money that is currently spent on linear methods of consumption and resource use.

Waygood has been with Aviva Investors for 14 years, founding its Centre for Sustainable Fiance Excellence

Aviva's Steve Waygood: Now is the time for finance firms to become climate macro-stewards

With the world on track for 3.2C of warming by the end of the decade, by UN estimates, Aviva Investors' chief responsible investment officer Steve Waygood is urging professionals in his line of work to go beyond their four walls and influence international climate plans.

Policymakers are discussing the controversial reforms this week

Business reiterate Brazil boycott as nation urged to set deforestation-linked bonds

Nando's, Ocado and the Woolworths Group are the latest businesses to have signed a letter urging Brazilian policymakers to reject a new land-use proposal that could further spur deforestation in the Amazonian region, with a new report urging the nation to link efforts to combat deforestation to sovereign bonds.

The day's events were chaired by Richard Howitt, senior associate at Frank Bold LLP and former chief executive of the International Integrated Reporting Council

Could making ESG more 'financially relevant' combat greenwashing?

At the first day of edie's Sustainable Investment Conference, expert speakers from EY, JP Morgan, Credit Suisse and Citi debated how the definition of leadership in relation to ESG investing is evolving. Here, we round up their key talking points.

The new Alliance is expecting dozens of new members to sign up ahead of COP26 in November 

Insurance giants team up for net-zero alliance, but are urged to stop supporting fossil fuels

AXA, Allianz, Aviva, Generali, Munich Re, SCOR, Swiss Re and Zurich Insurance Group have launched a new 'Net-Zero Insurance Alliance', of which members will be required to deliver net-zero emissions by 2050 across their insurance and reinsurance portfolios.

The CFP is aiming to generate at least $500m

BlackRock secures $250m for climate projects in developing countries

The world's largest investor BlackRock has secured more than $250m from global investors and governments to support clean energy uptake and climate infrastructure across countries in Asia, Latin America and Africa.

Pictured: The Talinay wind park in Chile. Image: Enel

'World's largest' sustainability-linked bond issue from Enel three times oversubscribed

Italian energy major Enel has revealed that it received orders of some $12bn for its sustainability-linked bond - three times more than its $4bn price point.

The letters request a response by 15 August

Investors call on banking giants to step up on climate and biodiversity commitments

More than 100 investors, including the likes of Aviva and M&G Investments, representing $4.2trn in assets under management have written to some of the world's biggest banks, calling on them to strengthen climate and biodiversity targets this year.

#SustyTalk: Green Angel Syndicate CEO Nick Lyth on maximising the sustainable investment opportunity

edie's #SustyTalk interview series continues with an exclusive discussion with Green Angel Syndicate founder and chief executive Nick Lyth.

The new Tracker covers some $25trn of managed and owned assets

Analysis: Two-thirds of UK finance firms have climate targets, but most are failing to shift investments

While most of the UK's biggest banks and asset managers have updated their climate targets in light of net-zero, finance flows are still ultimately favouring high-carbon projects and businesses, according to new analysis of more than 1,200 financial institutions.

All edie podcast episodes can be listened to via iTunes, Spotify and Soundcloud

Sustainable Business Covered podcast: Spotlight on green finance, ESG and the TCFD

With edie's Sustainable Investment Conference less than two weeks away, episode 104 of the Sustainable Business Covered Podcast explores an array of green investment topics with UKSIF, ING and Inspired Energy.

A Green Savings Bond offered by National Savings and Investments (NS&I) will also help fund green projects

Chancellor Rishi Sunak issues £15bn green gilt drive to assist net-zero ambition

Chancellor of the Exchequer Rishi Sunak has today (1 July) outlined plans to transform the UK’s financial services industry through £15bn of green bonds that will support projects that decarbonise key parts of the UK economy while improving climate resiliency and adaptation.

Investors for a Just Transition is France-based at present, with an international launch planned at COP26 in November

Investors worth €3.6trn collaborate to promote just transition to net-zero

AXA, Aviva France and Eiffel are among the members of a new coalition of investors convened to promote a just low-carbon transition across Europe. Collectively, members represent €3.6trn of assets under management.

#SustyTalk: Seizing the green finance opportunities of 2021

edie's #SustyTalk interview series continues with an exclusive panel discussion on scaling green finance in the run-up to COP26, featuring experts from Clim8, E3G and FIA EPTA. 

The guide is free to download for edie users

edie launches new business guide on TCFD recommendations

edie has launched an updated Explains guide answering important questions for businesses looking to align their reporting with the recommendations of the Taskforce on Climate-related Financial Disclosures (TCFD).

The Aldersgate Group represents dozens of the UK's biggest businesses and trade groups

Net-zero, Brexit and Covid-19: Businesses say now is perfect time to 'green' UK's financial system

The UK government is being urged to ensure that its ongoing review of financial services regulations properly accounts for the scale of the twin climate and nature crises by influential business coalition the Aldersgate Group.

Aviva has been warning the Government that the financial sector is not yet aligned with the net-zero transition, and will continue to do so ahead of COP26

Aviva and WWF push UK to mandate climate transition plans for financial sector

British financial institutions should be mandated to outline their plans for decarbonising investments in line with the national net-zero target by the end of 2023, Aviva Investors is recommending.

How to be a net-zero winner

As part of edie's Net-Zero Carbon Playbook, Centrica Business Solution's net-zero product manager Alex Lowe explains the steps that organisations can take to thrive during the net-zero transition.

Hundreds of shareholder motions on climate have been filed this year already

'Votes have jumped dramatically': Why investors are pressing companies to accelerate climate action

The 2021 AGM season saw a flurry of climate-related shareholder resolutions being filed - and passed - at the world's biggest banks and fossil fuel majors. Here, edie interviews the architects of these resolutions to get an inside look at their development and growing success.

Lobbying demands detailed in the report include calls for jet fuel to be included in 'green' government funding and against higher environmental taxes

Airlines accused of lobbying against stronger EU climate policy

Aviation giants including British Airways' parent company International Airlines Group (IAG) and Ryanair have been accused of opposing proposals for stronger climate policy in the European Union (EU), as the bloc works towards a 2050 net-zero target.

Governments are facing mounting pressure to deliver preparations for COP26, five months out from the conference in Glasgow

Be bolder with climate policies, 70 CEOs and investors worth $41trn tell world leaders

An alliance of more than 70 chief executives has written to world leaders in support of "bold and courageous commitments, policies and actions" on tackling the climate crisis, on the same day that a similar call to action has been made by investors representing trillions of dollars of assets.

The best performer, the DAX 30, still failed to meet Paris Agreement requirements, with a 2.2C temperature trajectory

G7 nations failing to align major stock indexes with climate commitments, report reveals

None of the largest stock indexes operating in G7 nations are aligned with either of the Paris Agreement on climate change's two pathways, according to new research out today (10 June).

More and more companies are linking the performance against sustainability targets to loans and bonds

HP and JBS issue sustainability-linked bonds to drive towards net-zero

The world's largest protein producer, JBS, has announced the issuance of a $1bn sustainability-linked bond tied to net-zero targets, while technology firm HP has unveiled its sustainable bonds framework.

Pictured: Solar panels being installed on a farm in India

IEA: To reach net-zero, renewable energy investment in developing nations must increase sevenfold

Some $150bn was invested in clean energy in developing economies last year, according to new International Energy Agency (IEA) analysis. But the Agency believes this figure must hit $1trn by 2030 to deliver a net-zero world.

Pictured: Chancellor Rishi Sunak at the recent G7 Finance Ministers' Meeting. Image: HM Treasury, CC BY-NC-ND 2.0 (https://www.flickr.com/photos/hmtreasury/51224385548/)

UK Government launches new taskforce to tackle greenwashing in finance sector

The UK Government is set to launch a new advisory group tasked with creating a 'green taxonomy' for finance, in a bid to crack down on greenwashing in the investment space.

Through the initiative, asset owners commit to decarbonising pension funds and investment portfolios by 2050 at the latest

ABP and National Trust sign up to net-zero investment initiative

Europe's largest pension fund, the Church of Sweden and the National Trust are among six new signatories to a global net-zero asset owner commitment to decarbonise financial portfolios in line with the ambitions of the Paris Agreement.

The UK was the first major nation to confirm plans to mandate climate disclosure back in November 2020

G7 agree on 'historic steps' to make climate reporting mandatory

Chancellor of the Exchequer Rishi Sunak met with finance ministers in London this weekend, with discussions leading to a historic agreement that G7 nations will mandate climate reporting in line with the recommendations of the global Taskforce on Climate-related Financial Disclosures (TCFD).

The two-day digital event takes place on 13-14 July

JP Morgan, Citi and BlackRock all confirmed for edie's Sustainable Investment Conference 2021

Financial and environmental experts from some of the world's largest investors and banks will discuss the prominent rise in environmental, social and governance (ESG) investing and what that means for business at edie's Sustainable Investment Conference next month.

Certain firms will be required to disclose in line with TCFD recommendations in the UK from 2022, but investors are arguing the case for a joined-up global approach 

Give us sector-specific guidance on net-zero transition, investment giants tell G7 nations

A group of investors with £8.5trn of assets under management has called on G7 nations to introduce new climate disclosure and action mandates for big businesses - and to provide more detail on how their long-term climate goals will be delivered.

Image: Amazon

Amazon could be forced to disclose its plastic footprint

E-commerce giant Amazon's shareholders will vote this week on whether the firm should adopt a resolution requiring it to disclose how much plastic packaging it produces - and how much of this is likely to end up polluting the environment.

Steel manufacturing is accountable for around 7% of global emissions from fuel use

Banking giants team up to accelerate net-zero transition for steel industry

Six leading lenders to the steel industry - ING, Citi, Goldman Sachs, Societe Generale, Standard Chartered and UniCredit - have created a new working group focusing on decarbonisation.

HSBC must now publish a plan outlining its new phase-out policy

Shareholders pass vote for HSBC to phase-out global coal financing by 2040

Shareholders of HSBC have today passed a proposed management resolution that commits the bank to phase-out financing for the coal industry by 2040 worldwide, following successful campaigning from investors.

The report estimates that annual investments into NbS will need to reach $536bn annually by 2050

$8trn funding gap: UN report calls for four-fold increase in nature-based solutions investment

The world is facing an $8.1trn financing gap into nature to help combat the climate crisis and ecological breakdown, according to a new UN report that warns that annual investments into nature-based solutions (NbS) need to increase fourfold by 2050.

After BP shareholders rejected a climate motion earlier this month, several other major players will now be forced to strengthen targets 

Climate activists appointed to ExxonMobil board as Chevron shareholders back stronger emissions goals

Shareholder motions filed by climate activists have passed at US fossil fuel giants ExxonMobil and Chevron, with disgruntled investors clearly keen to see more ambitious emissions reduction targets.

The two upcoming events form an integral part of the six-month Festival

Countdown to COP26 Festival: Flagship July events to focus on crucial themes of climate talks

edie has today (26 May) officially unveiled the content programmes and initial speaker line-ups for the next two events to be delivered under the Countdown to COP26 Festival programme - covering the key COP themes of net-zero carbon energy, clean transport and climate finance.

The module is currently focused on the mining and agriculture sectors – two of the most exposed sectors to biodiversity-related risks

ENCORE: UN-backed biodiversity module to help investors factor nature into spending decisions

A new UN-back module has been launched today to enable financial institutions to map their exposure to biodiversity risks based on sectoral activities, in a bid to push the economy towards a nature-positive future.

Top industries for net job creation include industrial equipment, high tech, software, utilities, automotive, life sciences, and communications/media

Report: Investing in digital and sustainability could create 5.7 million jobs across Europe by 2030

European firms could create up to 5.7 million new green jobs by 2030 by investing in digital and sustainability transformations, according to a new report.

American and Chinese firms fared worse than their European counterparts, but no firm received one of the top two grades overall 

'Concerning for shareholders': World's biggest insurers failing to tackle ESG risks

A new ranking of the world's 70 largest insurance firms has found that none exclude companies driving biodiversity loss and just 13% exclude firms knowingly in breach of human and labour rights requirements.

Lessons from Yozma for UK conservation

In February of 2021 Professor Sir Partha Dasgupta released the final report of a multi-year review of the economics of biodiversity. This report emphasised that biodiversity is an integral component of global economies and that the continued loss of biodiversity would have devastating impacts on human society.

Better data and more unified disclosures could increase investor trust, the survey authors claim

Survey: 9 in 10 investors do not trust corporate ESG claims

While investors increasingly want companies to disclose more information on their environmental, social and governance (ESG) targets and progress, most find it difficult to trust business's claims at face value, and to compare different firms.

The report reveals the extent of strings-free financing to high-emitting sectors, often in misalignment with the Paris Agreement or with banks and investors' own climate commitments

WWF: UK banks and investors financing projects with double nation's climate impact

UK banks and asset managers collectively financed projects emitting 805 million tonnes of greenhouse gases in 2019 - around twice the UK's annual national carbon footprint.

Estimates suggest that financing this market will reach $854bn annually by 2030 to halt natural degradation

Investors and businesses urged to address $700bn nature-based solutions finance gap

A new report has warned that a $700bn investment gap into "Nature-based Solutions" needs to be addressed in order to meet wider net-zero goals and combat the climate crisis.

The latest RECAI warns that future renewables deployment will require a further $5.2trn of investment

UK climbs energy investment rankings, but concerns persist over green finance availability

The UK has climbed one position to fourth in the rankings for EY's national attractiveness of renewable energy investment, but the organisation has warned that global green finance efforts need to improve considerably to meet clean energy demand for existing climate commitments.

Campaigners claimed that Shell's plans could only cut emissions by 10% by 2030, in absolute terms

Shell shareholders vote against climate activists' net-zero plans

Royal Dutch Shell received overwhelming backing for its own energy transition strategy at its AGM today (18 May), but a shareholder resolution that would have forced accelerated climate action did not pass.

Chemical companies, oil majors, banks and investors all come under fire in the new report

Beyond retail: Banks and fossil fuel giants urged to face role in plastic pollution crisis

Just 20 businesses are responsible for half of the world's single-use plastic waste, with fossil fuel majors including ExxonMobil and Total among the worst offenders, a new study has revealed.

Pictured: St Andrew's Church, a Church of England location in Surrey

'Care for creation': Fossil fuel divestment promised by dozens of major faith institutions

The Church in Wales, Diocese of Bristol and Diocese of Oxford are among a group of 36 faith institutions to have jointly committed to divesting from fossil fuels, stating that they have a moral imperative to help combat the climate crisis.

Pictured: The London offices of EY, one of the 14 businesses to make the commitment

From Barclays to Unilever: 14 major firms commit to purpose-led businesses

More than a dozen large firms have pledged to put social sustainability higher on the boardroom agenda, by joining a scheme aimed to help businesses become more purpose-driven.


Suggested keywords