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'.
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.
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.
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.
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.
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.
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.
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.
London Pensions Fund Authority launches climate action plan
Through asset goals and portfolio goals, the London fund commits to maintaining a Paris-aligned portfolio.
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.
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.
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.
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.
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.
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.
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.
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.
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…
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'.
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.
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.
Brookfield closes largest-ever climate-focused fund
Brookfield Asset Management raises $15bn for the largest ever climate-focused fund led by Mark Carney.
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.
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.
HBL launches first impact and sustainability report
HBL, the largest commercial bank in Pakistan, launched its first Impact and Sustainability Report for 2021.
Allianz unveils sustainability plans
The Allianz Group 2021 Sustainability Report "reaffirms Allianz's commitment to being a leader in sustainable business practices."
American Express issues $1bn ESG bond
American Express Company has announced the settlement of the company’s first Environmental, Social, and Governance (ESG) Bond.
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.
Franklin Templeton broadens goals for 2022
Franklin Templeton reinforced its goal to reduce carbon emissions to net zero by 2050 or sooner.
HSBC set to be accused of greenwashing
HSBC is set to face accusations of greenwashing from the Advertising Standards Authority over recent adverts.
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.
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