The Universities Superannuation Scheme (USS) and Vanguard are under fire for not adequately addressing climate risk, with pension scheme savers and retail clients looking to courts to drive action.
In an oversubscribed market, greater opportunities for investors lie in social, sustainable, SLBs and blue bonds.
Streamlined Platform on Sustainable Finance aims to ensure European taxonomy drives capital to support net zero transition.
Pension scheme says country’s new framework will support its net zero strategy; asserts that divestment of fossil fuels amounts to “passing the buck”.
Physical and transition risks being incorporated into a more holistic approach by financial institutions, says UNEP FI report, as regulators increase scrutiny.
Betting on nuclear energy, CCUS will do nothing to close “glaring gaps” in the UK’s climate action plan.
Existing capability and regime gaps “create uncertainty” over whether financial institutions are adequately capitalised for future climate-related losses, according to the Bank of England.
CCUS and blue hydrogen inclusion seen as slowing Canada’s net zero transition, while finance leaders urge stakeholders to “get on with it”.
Impact Frontiers and the Predistribution Initiative seek to create a common approach to reporting on and managing an investor’s negative and positive contribution to impact.
Despite development barriers, opportunities are emerging for investment in sustainable assets in growing market.
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