Finance
Jupiter commits to net zero by 2050 across £56bn investment portfolio
Asset manager promises to set interim 2030 emissions reduction targets by the end of this year as it works to achieve net zero by mid-century
Poll suggests top banks at risk of losing customers over fossil fuel financing
One in 10 consumers could leave their high street bank if made aware of the institution's investments in coal, oil, and gas, survey suggests
Asset managers and index providers urged to end ETF market's financing of deforestation
New report from Planet Tracker warns booming ETF market is supporting soybean companies driving mass deforestation in Brazil, Indonesia, and the Democratic Republic of the Congo (DRC)
HSBC pledges to reach net zero financed emissions by mid-century
But bank's commitment to decarbonising its financing by mid-century, on top of its supply chain and operations by 2030, is slammed by campaigners as "empty" and an "attempt to buy time" due to its failure to commit to divest from coal and oil and gas...
Oxford Offsetting Principles: Academics launch new guidelines for carbon offsetting
New standard aims to help protect companies from accusations of greenwash by ensuring they prioritise the highest-quality, most effective carbon offsets available
Morgan Stanley targets 'zero financed emissions' by 2050 in US first
But investment bank highlights lack of consistent CO2 methodologies for finance as 'critical challenge' for establishing near-term emissions reduction targets for its portfolio
Bank of England admits bond portfolio out of step with Paris climate goals
Central bank publishes first ever climate risk assessment revealing non-gilt holdings aligned with whopping 3.5C global warming scenario
JP Morgan Chase climate shareholder resolution narrowly defeated
Resolution's narrow defeat – at 49.6 per cent – sends a clear sign to bank that investors are increasingly displeased with its approach to fossil fuel investment.
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