An investor group committed to climate change and controlling $11 trillion in assets has banned members from counting carbon removal schemes towards their emissions reduction targets before 2030, amid increasing scrutiny of the fast-growing market for carbon offsets. The Net …
The UK needs “a step change” in its approach to slashing carbon emissions if it is to eliminate greenhouse gases by 2050, according to a review commissioned by the government. The country is not doing enough to invest in projects …
Economic and political turbulence caused by the COVID-19 pandemic and Russia’s invasion of Ukraine will be likely to heighten environmental, social and governance (ESG) credit risks this year, credit rating agency Moody’s said on Monday. The cost-of-living crisis stemming from …
Australia’s Labor government proposed on Tuesday to make the country’s biggest polluters slash emissions by 30% over the next seven years, with some leeway for trade-exposed industries, such as aluminum and liquefied natural gas (LNG). The government also announced it …
International investors with $2.2 trillion in assets will ask commodity giant Glencore Plc to show how its development of thermal coal mines meets the goals of the Paris climate accord to keep global warming to 1.5 degrees. Glencore is one …
Chubb announced the launch of a new Global Climate Business Unit, aiming to bring together Chubb units engaged in traditional, alternative and renewable energy, climate tech, agribusiness and risk engineering services. The new business unit will provide a full spectrum …
Allstate Corporation announced a commitment to achieve net zero emissions for direct, indirect and value-chain greenhouse gas emissions by 2030. In addition, the personal lines giant has set 2025 as the target year for achieving a net zero investment portfolio. …
The European Union reached an agreement to strengthen and expand its flagship carbon market, endorsing the centerpiece of the Green Deal strategy that aims to make its economy climate-neutral by mid-century. Under a provisional deal announced by representatives of EU …
As corporations increasingly navigate the environmental, social and governmental (ESG) landscape, they require tools and benchmarking to help them meet their ESG targets. After all, regulators are moving to enforce disclosure requirements. According to Chaucer, a Lloyd’s insurer and reinsurer, …
The European Union set out plans on Wednesday to certify removals of carbon dioxide from the atmosphere, while leaving key details to be worked out later – including how these removals will be counted towards EU climate change targets. The …
