Macquarie eyes coal exit by 2024 as bank ramps up green investment plans

Michael Holder
clock • 3 min read

Macquarie, Asian Development Bank, and Church of Scotland all strengthen their restrictions on fossil fuel investments

The shift away from fossil fuels among major financial firms and institutions worldwide continues to gain momentum, with Macquarie, the Asian Development Bank, and the Church of Scotland all strengthening...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Investment

FCA moves to simplify UK climate risk reporting for investment funds

FCA moves to simplify UK climate risk reporting for investment funds

UK's Financial Conduct Authority launches consultation over changes to climate risk reporting rules it estimates could save the investment management sector £20m a year

Robin Amos, Investment Week
clock 05 June 2026 • 2 min read
Railpen divests from Nestlé over governance and climate concerns

Railpen divests from Nestlé over governance and climate concerns

Pension fund manager cites 'limited transparency' around Nestlé's climate plans among several concerns as it revealed it divested its entire holding in the Swiss firm in late 2025

Holly Roach, Professional Pensions
clock 05 June 2026 • 2 min read
BSI launches net zero transition planning framework for banks and financial institutions

BSI launches net zero transition planning framework for banks and financial institutions

ISO 32212 to provides banks, insurers, asset managers, and asset owners with guidance on how to translate climate ambition into action

Stuart Stone
clock 04 June 2026 • 3 min read