Net Zero

BlackRock’s client demand boosts transition investment amid ESG backlash

BlackRock is picking out “gaps in the market” to launch new products

Research conducted by the $9.1tn asset manager shows 56% of global institutional investors plan to up their exposure to transition funds

3 min read

The Swiss investment manager, which is owned by the Rothschild family, has joined 301 signatories with $59tn in assets that have committed to limit global warming to 1.5°C by 2050

Edmond de Rothschild Asset Management joins $59tn net-zero coalition

New joiners come as major players like Vanguard, Axa and Allianz quit net-zero coalitions amid an anti-ESG backlash in the US

2 min read

More banks support the Principles for Responsible Banking in the UK than in any other global financial centre

Why the City can’t miss the £1tn opportunity in a shift to net zero

The City is a powerhouse of talent, financial resources, innovation and entrepreneurship, plus has a proven ability to deliver

3 min read

The ESG industry faces its share of challenges heading into the new year — one of the biggest being a global recession, which threatens to derail decarbonisation efforts

Why 2023 could be boom or bust for ESG

Ninety One’s Nazmeera Moola: 'A recession would pose difficult questions about what to prioritise and there are obviously issues that need to be dealt with right now'

5 min read

Asset manager cites 'confusion about the views of individual investment firms' as part of its reason for leaving the alliance

Vanguard quits $66tn net-zero coalition

Index funds giant exits Net Zero Asset Managers initiative as anti-ESG backlash ramps up

3 min read

There was a 6% rise in the volume of new schemes compared to the previous survey at 31, covering a total volume of 2.5 million square feet

Demand for office space with green credentials drives City’s refurb boom

Only 54% of developers say their projects will reach net zero after 2030, compared to 70% who said they were striving for 2030 or earlier in the same period last year

2 min read

A third of the banks the charity analysed, including JPMorgan, only consider emissions intensity, not absolute emissions, when setting targets

JPMorgan, Credit Suisse among banks falling short on net-zero targets, charity says

Only seven of the 43 biggest members in the Net Zero Banking Alliance have published an overarching target to reduce emissions by 2030, ShareAction research finds

3 min read

Some of Sunak’s cabinet picks have raised eyebrows and sent mixed messages about where he stands on the UK's role to tackle climate change

Fund industry weighs up ESG under Rishi Sunak: ‘It’s clear he has a cost-cutting agenda’

Investors want Sunak to live up to his green promises, but economic chaos will put his beliefs to the test

5 min read

New estimates show the scale of the challenge facing asset managers

Net-zero goals will need $100tn of green finance

More than half the total funding, which represents 3% of global GDP, will need to come from emerging markets

2 min read

Major financial institutions are facing pressure to roll back investments in fossil fuels

HSBC, Barclays among banks financing most oil and gas expansion as pressure on ESG ramps up

ShareAction is calling on investors to use their shareholder rights to demand that banks implement policies to restrict oil and gas expansion in the upcoming AGM season

3 min read

Consultancy joins the lucrative drive towards ESG advice

EY to recruit 1,300 staff for net zero advisory business

The Big Four firm is investing over £100m in a new sustainability business

Asset managers managers holding climate-controversial stocks will have to be able to provide strong justification for doing so or risk losing their mandates

Time’s up for fund managers who don’t act on climate change

With the UN’s climate conference due in November this year, asset owners will be cracking down on environmental laggards