The recent publication of the Fifth National Assessment report in the US has once again highlighted the economic and human costs of climate change. In the US alone $75 billion worth of damage has been recorded so far this year, and concerns are being raised about the associated knock-on impacts on food security and resource management.
A French rule targeting ESG funds has the potential to force oil and gas divestments of €7 billion ($7.6 billion), according to an analysis by Morningstar Inc (NYSE: MORN).
The International Energy Agency has released its annual World Energy Outlook and says that the clean energy transition is now ‘unstoppable’.
Many consider net zero 2050 an immense investment opportunity, but there are few comprehensive analyses of exactly its size. New research suggests that institutions well prepared to embark on net zero pathways will be able to take full advantage of decarbonisation-focused policy shifts and avoid being stuck with stranded assets.
The latest data shows the insurance sector holds $536 billion in fossil fuel-related assets, despite some insurers citing climate-related risk and natural disasters as factors in raising premiums and/or dropping coverage within certain high-risk regions.
A new study from FinanceMap warns that 95% of portfolios are not yet aligned with climate commitments. At the same time, stewardship efforts are stagnating and many asset managers fail to support sustainable finance policies.
Global stock markets are financing companies which are sitting on three times more coal, oil and gas reserves than can be burned without breaking the 1.5°C Paris climate target.
Exxon Mobil needs to do better at documenting the valuation risk its assets face as the economy moves toward lower-emitting energy sources, according to shareholders including Legal & General Investment Management.
Insurers can singlehandedly stop the expansion and operation of most fossil fuel projects by simply refusing to insure them – and a campaigning group is asking to step up efforts to phase them out.
Deutsche Bank (ETR:DBK) has tightened its policy for coal investing but campaigners warned “it fails the key litmus test of climate credibility”.