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Bank financing for fossil fuels dips second year in a row

Corporate Knights

trillion in financing to the fossil fuel industry in the eight years since the Paris Agreement was signed, according to a comprehensive new report. trillion in financing for new fossil fuel expansion projects, investments that put the net-zero goal of the Paris Agreement in jeopardy. In 2023, US$347.5

Banking 220
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These 50 Canadian corporations are betting big on green

Corporate Knights

What sets them apart is their commitment to doing business differently – they’re companies that derive significant revenue from greener products and services, invest in increasingly sustainable projects, and prioritize equity in their operations. More evidence that any company, in any industry, can choose a more sustainable path.

Net Zero 318
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UK to Invest Over $1.2 Billion to Boost Green Industries

ESG Today

The new £960 million investment will be provided through a Green Industries Growth Accelerator to support clean energy supply chains across the UK, with investments focused on areas including offshore wind, electricity networks, nuclear, CCUS and hydrogen.

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Loud and Clear

Chris Hall

trillion in 2023, spanning across corporates as well as sovereigns and supranationals. Although there are various tranches and instruments, research from RBC BlueBay Asset Management notes it can be easier to engage with investment-grade issuers than their high-yield counterparts.

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At COP28, Influential Investors, Companies, and Policymakers To Call for Greater Global Ambition and Accelerated Action To Limit Temperature Rise and Achieve a Net Zero Economy

3BL Media

Despite historic policy wins—such as the Inflation Reduction Act, which is driving a clean energy investment boom in the U.S.—the Recent sobering reports show that the world is not on track to meet the goals of the Paris Agreement and highlight the steps needed to keep the goals in reach.

Net Zero 113
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Canada’s biggest pension plan is fuelling worst rainy-day future ever

Corporate Knights

While some Canadian pension funds “made helpful but modest tweaks” to their climate policies in 2023, even the leaders in the field lagged behind international peers in their efforts to build climate urgency into their investment choices and exclude fossil fuels from their portfolios, a watchdog group reports this morning.

Net Zero 196
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Take Five: Ready to Engage

Chris Hall

Europe’s new code – As Ursula von der Leyen mulled over the composition of her top team for the next five years , the European Commission’s incoming finance chief was already getting advice on the future of sustainable investment. Three agencies are organising a series of six events – dubbed the NDCs 3.0