Paris Agreement Archives

EU Parliament approves CSDDD

The European Parliament has voted to approve the Corporate Sustainability Due Diligence Directive (CSDDD) in another step towards the requirements being formally adopted by the European Union.

Report finds major banks are financing deforestation and biodiversity loss

Banks have poured $307bn into high-risk forestry and agriculture companies linked to tropical deforestation since the Paris Agreement was signed, a report by the Forests & Finance Coalition has found.

CA100+ finds Australian companies not doing enough on short-term targets

Climate Action 100+ (CA100+) said many heavy emitting Australian companies are not doing enough to meet short-term net zero targets despite steady progress in the making of commitments and disclosure.

US Treasury release net-zero principles for financial institutions

The US Treasury has published a set of voluntary principles for net-zero financing and investment, highlighting the best practices for financial institutions.

UN calls for accelerated action in implementing the Paris Agreement

Ambition and implementation of the Paris Agreement must accelerate rapidly, according to the UN’s five-yearly global stocktake designed to assess the global response to the climate crisis.

Glencore Mine, Mt Isa, Queensland, Australia

Glencore faces investor unrest at AGM

Mining company Glencore faces increased pressure from investors seeking greater transparency on how its thermal coal production aligns with the Paris Agreement.

Clear climate message issued to Japanese lender

23% of shareholders backed a resolution to align MUFG with the Paris Climate Agreement July 2, 2021 Mitsubishi UFJ Financial Group (MUFG) shareholders have defeated a proposal to better align the business with global climate change targets, but the 23% of shareholders who voted in favour of the resolution have sent a “stark climate warning” […]

G7 indexes falling short as countries support TCFD

G7 indexes falling short as countries support TCFD June 18, 2021 A new report written by the United Nations Global Compact (UNGC) and CDP ahead of the Group of 7 (G7) and the UNGC leaders summit has found that the G7 stock indexes are on temperature pathways of 2.95 degrees Celcius or higher. Titled, ‘Taking […]

Biden returns US to Paris Agreement and appoints proxy voting advocate

Allison Herren Lee takes the top regulatory job Joe Biden has already shown his commitment to acting on climate change, bringing the US back into the Paris accord and appointing Allison Herren Lee as acting chair of the Securities and Exchange Commission (SEC). Just hours into his presidency on January 20, Biden wrote to the […]

HSBC shareholders urge bank to cut exposure to fossil fuels

Investors file resolution calling on bank to publish strategy and targets Some of Europe’s biggest pension funds and asset managers have filed a shareholder vote urging HSBC to cut its lending linked to fossil fuels. Fifteen institutional investors with a combined $2.4trn in assets under management, along with 117 individual shareholders, have filed a climate […]