One of New Zealand's largest companies today unveiled a green borrowing program that is the largest and most diverse offering ever certified by the Climate Bonds Initiative.
NAB, ANZ and Citi are among 11 banks that have agreed to pioneer ways to implement new global recommendations on climate-related financial disclosures.
A new project backed by global investors is rating companies on how well they are structuring their business to achieve the Paris Agreement goal of keeping warming well below two degrees.
Instead of just relying on companies to disclose carbon information to investors, it's time to establish a service that uses sophisticated techniques to collect facility–specific environmental data, says a leading international stranded assets think–tank.
In a sign that the trickle of investors supporting decarbonisation and clean energy is fast turning into a stampede, two of the world's largest institutional investors today joined the international Portfolio Decarbonisation Coalition.
BP has acceded to shareholder demands for greater disclosure of its carbon risks, while an Australian super fund has backed efforts to secure a US investigation of reporting by Chevron and ExxonMobil.
A global coalition of institutional investors has told oil and gas companies it expects them to 'stress test' how their operations would fare if dangerous climate change is prevented.