In a significant development, BlackRock, HSBC and Swiss Re are among the companies who are seeking to create a risk management and disclosure framework aimed at channeling capital towards environmentally projects and away from ones which damage nature. Earlier this year in… Read More ›
Britain plans on banning the sale of new petrol and diesel heavy good vehicles from 2040 as part of a broader move towards achieving net zero emissions from all forms of transports. British Prime Minister Boris Johnson’s government is seeking… Read More ›
In a significant development, 8 of the world’s top insurance and reinsurance companies, including Europe’s top three insurers by premiums, Allianz, AXA and Generali, have launched a partnership to help speed up the transition towards a net zero emissions economy…. Read More ›
On Monday, in a statement Royal Dutch Shell proposed that the pay of its directors should be more closely linked to group’s climate performance and cut off the link between bonuses and liquefied natural gas (LNG) production volumes. The development… Read More ›
In a significant development, a landmark report commissioned by the U.S. Commodity Futures Trading Commission, clearly states that climate change poses a “slow motion” systemic threat to the stability of the U.S. financial system, requiring urgent action from financial regulators,… Read More ›
On Tuesday, Standard Chartered stated, by 2024 it will $75 billion in financing towards clean energy projects and sustainable development. The development sees Standard Chartered aligning its aspirations in support of the Paris Agreement on climate change. In a statement,… Read More ›
Not only is such funding not aligned with Britain’s efforts to reduce greenhouse gases and carries risks for taxpayers but also as a result of stricter emission reduction targets, and as renewable energy becomes cheaper, companies could be left with… Read More ›
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