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 […]
Read MoreUK government urges private finance firms to make net zero pledge Finance is a central theme in the race to net zero The UK government is calling on privately owned financial institutions to commit to a net-zero carbon future. Speaking at the Green Horizon Summit in London last week, UK business secretary Alok Sharma said […]
Read MoreChina and Russia join push on climate change action International momentum is building around the race to net zero The impact of climate change seems to be resonating with the leaders of Russia and China who have committed to significant targets. President Vladimir Putin has signed a decree ordering Russia to work towards the goals […]
Read MoreChina announces aim to be carbon neutral by 2060 China has pledged to achieve carbon neutrality by 2060 in an ambitious statement by a country that currently burns half the world’s coal. In perhaps the most significant positive climate development since the 2015 Paris Agreement, President Xi Jinping announced at the UN’s General Assembly that […]
Read MoreIndustrial companies largely ignoring climate risks The world’s largest industrial companies have been warned they have been “too slow” in curbing their carbon emissions. The warning comes as a major report reveals less than a fifth of these high-emitting corporations are on track to meet the critical 2°C global warming target set by the Paris […]
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