A U.N.-backed body launched a scheme to verify corporates’ net zero strategies on Thursday that is likely to become a standard for regulators and investors to measure companies’ climate ambitions. With rising investor and societal pressure on companies to reduce …
COP26 climate talks in Glasgow starting next Sunday may be the world’s best last chance to cap global warming at the 1.5-2 degrees Celsius upper limit set out in the 2015 Paris Agreement. The stakes for the planet are huge …
GENEVA/GLASGOW – Greenhouse gas concentrations hit a record last year and the world is “way off track” on capping rising temperatures, the United Nations said on Monday, showing the task facing climate talks in Glasgow aimed at averting dangerous levels …
New Zealand has become the first country to pass laws requiring banks, insurers and investment managers to report the impacts of climate change on their business, officials said on Thursday. About 200 of the largest financial firms in New Zealand, …
By 2025, 29 of the world’s biggest pension funds and investment firms, including Allianz SE and the California Public Employees’ Retirement System, intend to have cut the emissions of their portfolio holdings by at least 25%. The targets, which cover …
Banks are demanding much stricter environmental criteria when financing shipping companies as investor pressure grows on the sector to accelerate going greener, according to Boston Consulting Group (BCG). Shipping, which transports about 90% of world trade, accounts for nearly 3% …
Financial services groups responsible for more than $90 trillion in assets on Monday called for the leaders of the world’s largest economies to push through “clear, credible and ambitious” policies to battle climate change. The Glasgow Financial Alliance for Net …
Climate change and the race to net zero greenhouse gas emissions (net zero) are arguably the greatest challenges that face the construction industry – but will drive new opportunities, according to a report published by Marsh and Guy Carpenter, subsidiaries …
Swiss Re and carbon removal specialist Climeworks are partnering to combat climate change — by signing the world’s first long-term purchase agreement for direct air capture and storage of carbon dioxide, worth US$10 million over 10 years. For Swiss Re, …
A population equivalent to that of Germany — 83 million people — could be killed by 2100 because of rising temperatures caused by greenhouse-gas emissions, according to a new study that might influence how markets price carbon pollution. The research …
