A court in the Netherlands has ruled that oil major Shell must cut CO2 emissions by 45% in a landmark climate case brought forward by seven activist groups, including Greenpeace.
UK banks and asset managers were responsible for financing 805 million tonnes of CO2 in 2019, which would make the City of London the ninth biggest emitter in the world if it were a country, according to a report by Greenpeace UK and the World Wildlife...
The UK Sustainable Investment and Finance Association (UKSIF), whose asset manager, bank and financial adviser members oversee £10trn in assets, is calling on the UK Government to step up efforts to drive forward the country's efforts on sustainable finance....
With sustainable investing proliferating rapidly and ESG ratings becoming embedded in financial markets, providers are coming under the spotlight over the transparency of their scoring systems, writes Pedro Gonçalves.
Demands on asset managers to consider ESG issues and adopt greater transparency has prompted ShareAction to publish a leading practices report, so that investors can compare the practices of their chosen firms with leaders in the industry.
Standard Life Aberdeen (SLA) is expected to change its name as part of deal with Phoenix Group, which is set to buy the 200-year old Standard Life brand, according to reports.
The European Fund and Asset Management Association (EFAMA) is calling for a European regulation of ESG data, research and ratings, in part to stamp out greenwashing.