A growing number of investment firms are incorporating environmental, social and governance (ESG) metrics into their decision-making worldwide, an annual survey by Russell Investments has uncovered.
Insurers, banks and institutional investors worldwide can now validate their climate goals through the Science Based Targets Initiative (SBTi) for the first time.
The overwhelming majority of institutional investors that signed a UN agreement to help halt deforestation last year have failed to take sufficient action themselves.
More than a third of asset managers worldwide were unable to provide an example of climate change-related engagement efforts when interviewed by consultancy firm Redington recently.
The Science Based Targets Initiative (SBTi) has started developing the first-ever global standard to ensure corporations set credible targets for net-zero emissions by 2050.
The UK's 100 largest occupational pension schemes will be forced to disclose how their investments are exposed to climate-related financial risks, under plans unveiled by the government yesterday.
A network of European insurers has called for more high-quality and usable data on climate risks in response to the EU's consultation on plans for a new 'green deal'.
