Fatih Birol: ‘no excuse’ for level of methane emissions
The International Energy Agency’s executive director announced that a major new study would examine the transition of oil and gas companies including the role of investors.
Mike Thatcher
James Alexander: UK ‘at risk of losing out on tens of billions’ of green investment
Chief executive of the UK Sustainable Investment and Finance Association calls on British government to respond to the threat from the US Inflation Reduction Act and the proposed EU Net Zero Industry Act.
James Lawrence: ‘We disrupted DC pensions – now we’re disrupting our investments’
Smart Pension’s head of investment proposition tells Net Zero Investor about ESG investing, passive vs active management, carbon offsets and TCFD targets.
Kentucky threatens to divest from 11 financial giants
The bluegrass state is the latest to use legal moves as part of the Republican anti-ESG backlash in the US.
HSBC to ‘stop new oil and gas funding’
The banking giant’s move will send ‘shockwaves’ through the fossil fuel industry and put the spotlight on other financial institutions.
Juniper: COP15 an ‘inflection point’ for biodiversity
The environmentalist told the Net Zero Investor annual conference that a ‘mobilisation of finance’ would be required.
Birol: solar set to be ‘king of global power markets’
Solar energy is leading the way as the International Energy Agency’s executive director predicts a ‘boom’ in renewables.
Florida in $2bn ‘anti-ESG’ divestment from BlackRock
The Republican state’s CFO accused the asset manager of running a ‘social-engineering project’.
Megan Starr: ‘moment of reckoning’ needed on ESG data
A rationalisation of data requirements is needed, she told delegates at the UN PRI conference in Barcelona.
UN PRI mounts defence of embattled ESG
Meeting in Barcelona for its first in-person conference in three years, the organisation stressed that ESG had moved from ‘niche to mainstream’.
GFANZ: ‘urgent action’ needed to increase clean energy investment in emerging markets
Investment flow is less than 10% of what is needed – a situation that must be addressed rapidly, warns global coalition of financial institutions.
UK financial regulator proposes anti-greenwashing rules
The Financial Conduct Authority said that greenwashing was impacting trust in the market for sustainable investment products.
Achieving net-zero targets ‘will need $100trn in green investments’
Global carbon tax ‘not going to happen’ says BNY Mellon Investment Management chief economist, so other incentives required.
Is ESG investing a dangerous placebo and an agent of political bias?
High-profile speakers including Tariq Fancy, former BlackRock CIO for sustainable investing, will be debating this issue at Net Zero Investor’s annual conference.
Asset managers’ net-zero targets a ‘distraction or misleading’
Big 3 asset managers – BlackRock, State Street and Vanguard – specifically criticised for their targets in think tank report.
‘Relative silence’ from pension funds on sustainable finance policy
‘Disengaged’ European pension funds are leaving discussions on climate policy to their national associations many of which are highly resistant to the EU’s sustainable finance proposals.
NYC comptroller accuses BlackRock of ‘backtracking’ over climate commitments
ESG battle between US red and blue states continues with Brad Lander’s letter to Larry Fink.
Federated Hermes to end sponsorship of US anti-ESG treasurers’ group
Following fierce criticism fund manager bows out of sponsoring pro-fossil fuel treasurers' group
Biodiversity: opportunity, risk & the LGPS
With attendees including those working for the LGPS pools, local government pension funds, local authorities, investment consultancies, advisory firms and asset managers, the discussion looked at both the opportunities and the risks from biodiversity loss for the LGPS.