Maersk and Spanish government to ramp up green fuel production
Large-scale production of green fuels could help global shipping industry meet decarbonisation goals.
Ellie Duncan
GFANZ members no longer ‘required’ to partner with UN’s Race to Zero initiative
Critics say the decision to drop requirement makes the coalition, headed by Mark Carney, ‘less meaningful and credible’.
ISSB confirms mandatory disclosures across Scopes 1, 2 and 3
The International Sustainability Standards Board said it will develop ‘relief provisions’ to support companies in applying Scope 3 requirements.
Is private equity doing enough on climate change?
Private equity firms are making 'clear and significant’ progress on implementing ESG reporting, thanks in part to investor pressure, but more clarity is needed from regulators.
Aviation sector adopts 2050 net-zero goal
The target was agreed at the International Civil Aviation Organization’s 41st Assembly, but ABL Aviation has called for ‘more incentives for green financing and the use of greener fuels’.
Drax denies ‘harvesting’ ancient forests in Canada to burn at UK power station
One of its largest investors, Schroders, said it had sought “assurances” from Drax “that its pellets and woodchips are from legal and sustainable sources”.
Uruguay issues sovereign sustainability-linked bond with coupon ‘step-down’
The two-way pricing structure is triggered by whether the SSLB underperforms or outperforms two Paris-aligned KPIs.
$39trn coalition urges ‘more ambitious’ climate action pre-COP27
More than 500 institutional investors have agreed a statement calling for government action ahead of COP27.
CalSTRS announces plans to halve holdings in GHG emitters by 2030
The move is part of a plan that aims to mitigate the risk climate change poses to the teachers’ pension fund.
Pension funds turning to passives for climate/impact goals
The move is driven by development of rules-based indices, DWS survey finds.
Is there a net-zero case for fintech?
In the journey to net zero, asset owners are taking a keen interest, and even a stake, in climate change-related fintechs.
UK government’s ‘inadequate’ net-zero strategy faces scrutiny in court hearing
Non-profit Client Earth’s lawsuit alleges policies fail to reduce emissions enough to meet legally binding carbon budgets, amounting to greenwashing.