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Risk

Pensions scheme Nest ditches ExxonMobil and string of oil firms over climate concerns

Investment

Pensions scheme Nest ditches ExxonMobil and string of oil firms over climate concerns

Nest claims firms have ‘not done enough’ on climate to remain shareholders, in move prompted by UBS Asset Management's decision to eject firms from 'climate aware' fund

clock 20 December 2021 • 4 min read
HSBC pledges to phase out thermal coal financing

Investment

HSBC pledges to phase out thermal coal financing

Banking giant says it will end financing for coal fired power and thermal coal mining by 2030 in EU and OECD countries, and by 2040 for the rest of the world - but activist investors remain unimpressed

clock 14 December 2021 • 5 min read
Plans for controversial Cambo oil field put on 'pause'

Infrastructure

Plans for controversial Cambo oil field put on 'pause'

Developer Siccar Point Energy confirms it is 'pausing' the project after Shell concludes economic case is not strong enough

clock 10 December 2021 • 2 min read
'Insurance fosters confidence': Could the insurance industry help trigger a new wave of Nature-based Solutions?

Offsets

'Insurance fosters confidence': Could the insurance industry help trigger a new wave of Nature-based Solutions?

A new study predicts that the nature-based carbon market could present a $1.3bn opportunity for the insurance industry

clock 09 December 2021 • 4 min read
Morrisons unveils new eco-friendly cleaning products

Management

Morrisons unveils new eco-friendly cleaning products

New range of environmentally-friendly sprays, detergents, and sponges are priced from £1

clock 09 December 2021 • 1 min read
How rising temperatures harm business sales

Risk

How rising temperatures harm business sales

Policymakers need to know how climate change will impact the revenues of affected firms, explains Imperial College Business School's Dr Claudia Custodio

clock 02 December 2021 • 3 min read
Sustainable self-care: Consumer health sector pledges to improve environmental impact of products

Management

Sustainable self-care: Consumer health sector pledges to improve environmental impact of products

P&G and GSK are among companies to commit to reducing their plastics impact and CO2 emissions as part of a new charter on sustainable self-care

clock 25 November 2021 • 2 min read
Could Europe's coal phase out happen much faster than anticipated?

Policy

Could Europe's coal phase out happen much faster than anticipated?

Boost for Glasgow Climate Pact as German coalition talks point to earlier coal phase out date and Portugal confirms closure of last coal power plant

clock 24 November 2021 • 5 min read
'Serious prudential risk': How EU banks' climate risk provisions are threatening European financial stability

Investment

'Serious prudential risk': How EU banks' climate risk provisions are threatening European financial stability

European Central Bank has urged banks to step up their climate risk assessments, after major benchmarking exercise reveals sector is poorly prepared for escalating impacts

clock 24 November 2021 • 6 min read
IKEA Foundation donates £4.5m to help drive 'transformative' change to sustainable finance

Risk

IKEA Foundation donates £4.5m to help drive 'transformative' change to sustainable finance

IKEA charity arm's funding to support four projects led by the University of Oxford's Sustainable Finance Group

clock 23 November 2021 • 3 min read
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