A group of environmental organizations has filed a lawsuit in France against the country’s largest energy company TotalEnergies, accusing it of misleading consumers about its efforts to fight climate change. The claim, which has been served on TotalEnergies and was …
France’s CNP Assurances CNPP.PA will no longer finance new oil and gas projects or invest more money in companies planning to do so, joining the growing ranks of insurers taking a more pro-active approach to tackling global warming. The company …
Asset manager Allianz Global Investors, part of German insurer Allianz, said on Wednesday it had set up a new unit focused on “impact” investing in private markets, as part of a sustainable investing drive. AllianzGI, which manages around 647 billion …
A group of the world’s largest asset owners managing $10.4 trillion said on Tuesday they would step up their response to climate change and aimed to at least halve carbon emissions from their investment portfolios by 2030. The 69 members …
Leading British asset manager Aviva Investors plans to push boards for greater action on biodiversity and human rights so that companies consider “the whole picture of sustainability.” Alongside climate change, a core focus for most investors, Aviva’s move reflects growing …
The Dutch wing of environmental group Friends of the Earth, which won a landmark court case against Royal Dutch Shell last year, demanded 30 corporations publish plans for big cuts in greenhouse gas emissions in a campaign launched on Thursday. …
GLASGOW / NEW YORK – Insurers plan to increase their allocations to private markets to 14% from 11% over the next two years in the hunt for yield, as they add more money to environmentally focused investment funds, BlackRock Inc …
GLASGOW – A new draft agreement for the U.N. climate conference in Glasgow on Friday presses countries to be more ambitious in their plans to tackle global warming, while walking a fine line between the demands of developing and richer …
GLASGOW – The European Investment Bank and Allianz Global Investors said on Monday they plan to raise 500 million euros ($577.55 million) for a fund aimed at bolstering climate mitigation and adaptation in developing countries. The Emerging Market Climate Action …
GLASGOW – The fund arm of French insurer AXA said on Monday it would take a tougher line with oil and gas companies over their environmental impact, selling out of laggards after three years if their emissions-reduction plans were not …
