Reports & Commentary - Financials

UN & NZIA launch target-setting protocol for insurance industry

The United Nations-convened Net-Zero Insurance Alliance (NZIA) has launched its first 'Target-Setting Protocol'.

150 150 Trove Intelligence

Danske Bank releases climate action plan with 2030, 2050 goals

The new plan is set to ensure that Danske Bank and its customers will have reduced their carbon emissions in line with the goals of the Paris Agreement by 2050.

150 150 Trove Intelligence

HSBC under fire for financing German coal mine expansion

HSBC has extended a $340m loan to RWE, which is behind a controversial coal mine extension, despite the bank's promises to “phase down” fossil fuel financing.

150 150 Trove Intelligence

The Allstate Corporation sets a 2050 net zero commitment

The Allstate Corporation announced it has committed to achieve net zero for direct, indirect and value-chain greenhouse gas emissions by 2030.

150 150 Trove Intelligence

Bank of Ireland has 2030 reduction targets validated by SBTi

The Bank of Ireland is the first Irish bank to set science-based GHG emission reduction targets, with goals spanning the bank's operations, mortgages and loans.

150 150 Trove Intelligence

ANZ allocates $67Bn to accelerate net zero transition

Australia and New Zealand Banking Group Ltd (ANZ) said it had allocated A$100Bn ($67Bn) of lending funds to help its customers lower carbon emissions by 2030.

150 150 Trove Intelligence

IMCO releases interim 2030 targets towards net-zero plan

The Investment Management Corporation of Ontario's (IMCO) newly-released plan to meet its net-zero by 2050 has won limited praise.

150 150 Trove Intelligence

UOB commits to net-zero by 2050

The Singapore-based United Oversears Bank (UOB) has committed to net-zero by 2050 to help the ASEAN transition to a sustainable economy.

150 150 Trove Intelligence

London Pensions Fund Authority launches climate action plan

Through asset goals and portfolio goals, the London fund commits to maintaining a Paris-aligned portfolio.

150 150 Trove Intelligence

Nasdaq’s net-zero target approved by SBTi

The New York financial services firm has pledged to Scope 1 and 2 net zero by 2030, and Scope 3 reductions of 95% by 2050.

150 150 Trove Intelligence

HSBC’s climate adverts banned in UK

The UK Advertising Authority's decision is the first to tackle greenwashing by a bank, denouncing the ads' omissions of HSBC's role in financing new fossil fuels.

150 150 Trove Intelligence

Lloyd’s Banking Group will stop funding fossil fuels

The firm is the first of the UK's largest 5 banks to stop funding greenfield oil and gas and coal projects.

150 150 Trove Intelligence

Ethereum cuts energy use by 99.95%

Ethereum developers executed an upgrade that eliminates mining and reduces the energy consumption of the world's second-biggest cryptocurrency.

150 150 Trove Intelligence

Ethereum plans to cut energy use by nearly 100%

Cryptocurrency Ethereum says it is reducing its energy consumption by nearly 100%, resulting in significantly fewer carbon emissions.

150 150 Trove Intelligence

Ethereum plans to cut energy use by nearly 100%

Cryptocurrency Ethereum says it is reducing its energy consumption by nearly 100%, resulting in significantly fewer carbon emissions.

150 150 Trove Intelligence

MassMutual commits to net-zero emissions by 2050

The firm committed to Scope 1&2 net-zero by 2030 while achieving net-zero within its $64Bn portfolio by 2050.

150 150 Trove Intelligence

Australia’s IAG joins the Net-Zero Insurance Alliance

Australia’s largest insurer has a target of net-zero emissions by 2050 across its value chain, with an intermediate target of a 50% reduction by 2030.

150 150 Trove Intelligence

Temasek increases internal carbon price to $50/t CO2

Singapore’s state investment company Temasek will increase its internal carbon price from $42/t of CO2 to $50/t CO2 this year with plans to raise it to $100/t CO2 by the…

150 150 Trove Intelligence

Westpac to slash lending to coal, oil companies by 2030

Australia's last big bank to join the Net-Zero Banking Alliance pledges to curb fossil fuel lending, unless deemed of 'national energy security interest'.

150 150 Trove Intelligence

FactSet targets net-zero emissions by 2040

The move comes after the company created a first sustainability plan in the last year, yet the company didn't specify steps to achieve its 2040 goal.

150 150 Trove Intelligence

UPP sets roadmap to net-zero portfolio emissions by 2040

University Pension Plan Ontario (UPP) joins the Net Zero Asset Owner Alliance and pledges a 60% GHG reduction of its portfolio emissions by 2030.

150 150 Trove Intelligence

Brookfield closes largest-ever climate-focused fund

Brookfield Asset Management raises $15bn for the largest ever climate-focused fund led by Mark Carney.

150 150 Trove Intelligence

SEC investigating Goldman Sachs over ESG claims

The SEC is investigating whether Goldman Sachs’ asset-management division's investment in 2 mutual funds are meeting their ESG metrics.

150 150 Trove Intelligence

PSP Investments to cut emissions by 25% by 2026

Canada's PSP Investments expects to cut its GHG emitting assets by 20-25% in the next four years as part of its new climate strategy.

150 150 Trove Intelligence

HBL launches first impact and sustainability report

HBL, the largest commercial bank in Pakistan, launched its first Impact and Sustainability Report for 2021.

150 150 Trove Intelligence

Allianz unveils sustainability plans

The Allianz Group 2021 Sustainability Report "reaffirms Allianz's commitment to being a leader in sustainable business practices."

150 150 Trove Intelligence

American Express issues $1bn ESG bond

American Express Company has announced the settlement of the company’s first Environmental, Social, and Governance (ESG) Bond.

150 150 Trove Intelligence

Chaucer commits to net zero by 2050

Specialty (re)insurer Chaucer has said it will achieve net-zero greenhouse gas emissions by at least 2050.

150 150 Trove Intelligence

Franklin Templeton broadens goals for 2022

Franklin Templeton reinforced its goal to reduce carbon emissions to net zero by 2050 or sooner.

150 150 Trove Intelligence

HSBC set to be accused of greenwashing

HSBC is set to face accusations of greenwashing from the Advertising Standards Authority over recent adverts.

150 150 Trove Intelligence

The Hartford to reach net-zero emissions by 2050

The Hartford today announced a goal to achieve net zero greenhouse gas emissions for its full range of businesses and operations by 2050.

150 150 Trove Intelligence
Privacy Preferences

When you visit our website, it may store information through your browser from specific services, usually in the form of cookies. Here you can change your Privacy preferences. It is worth noting that blocking some types of cookies may impact your experience on our website and the services we are able to offer.

By customising your privacy preference, you agree to continue to use this site as per your selected privacy preferences

We use cookies to give you the best online experience. By clicking I Agree and/or continuing to use our site, we assume you are happy to proceed with our default privacy settings, or, if applicable, the settings you have selected via Privacy Preferences.