Banking
85% of banks still willing to finance new coal, TPI report finds.
Despite the pressure this proxy season, banks are falling short of investor expectations
More carbon, more interest: Europe’s banks price in climate risk
New research from the ECB shows banks are increasingly penalising polluters
Border to Coast continues engagement with Shell after ‘disappointing’ climate targets
Border to Coast, the pooling vehicle for 11 Local Government Pension Scheme (LGPS) funds, has reported that its stewardship with supermajor Shell is “ongoing” despite reporting “disappointment” over “inadequate” climate targets
BNP Paribas ceases underwriting of coal and gas bonds
French lender BNP Paribas has effectively ceased to participate in the issuance of bonds by the oil and gas sector, the bank confirmed at its AGM this week, in one of the most drastic pushbacks to fossil fuel lending so far
Shareholder victory: Barclays to cease funding new fossil fuel projects
Barclays, one of the five largest banks in Europe has confirmed today that it will no longer fund new oil and gas projects, a move that was welcomed by activist shareholders
How to scale up nature-based solutions
Institutional interest in natural capital is growing but it still accounts for only a fraction of funds committed to restoring nature. How can funding be scaled up?