The Bank of France, which manages 22 billion euros, will no longer invest in companies that generate more than 2 percent of their revenues from coal by the end of 2021 and will drop this threshold to zero percent by 2024.
EU lawmakers agreed to provide a €672 billion recovery fund boost for the EU economy. 37% of the funding has to go to projects that help the climate.
The world’s biggest insurance market will stop new insurance for coal, oil sands and Arctic energy projects by 2022 and pull out of the business altogether by 2030.
The massive pension fund’s financial portfolio is worth $226 billion. The new plan is to sell off the riskiest gas and oil stocks and be completely divested from fossil fuels by 2025.
The diversity requirements would mandate that each of the Nasdaq’s 3,249 companies have at least one female director and at least one director who identifies as an underrepresented minority or LGBTQ+.
After ongoing pressure from environmental groups and Indigenous communities, Bank of America has said it will not finance any oil and gas exploration in the Arctic, making it the last major U.S. financial institution to do so.
The potential benefits of AMP Robotic’s machine learning-enabled robots are undeniable. The company’s technology can sort waste streams in ways that traditional systems never could and at a cost that’s far lower than most waste-handling facilities.
The first Finance in Common Summit gathered the world’s 450 public development banks to address recovery from the COVID-19 pandemic in line with the principles of sustainable finance. In a joint declaration the Banks pledge to align financing decisions with the Paris Agreement on climate change.
Thirty of the world’s largest investors – including Allianz, the Church of England, and the California Public Employees’ Retirement System – have now set a goal to reduce emissions by 16 to 29% of 2019 levels by 2025.
JPMorgan Chase has reportedly committed to push its clients to align with the goals of the Paris Agreement and work towards global net-zero emissions by 2050.
