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Green discomfort for UBS board as sustainability dominates AGM

A long and heated meeting with shareholders exposes dissatisfaction over the bank's sustainability progress

By Christopher Marchant

The legal net zero swamp that is sucking ING and Citigroup down under

A controversial gas project in Australia is increasingly turning into a PR disaster for some of the world’s biggest banks

Net zero focus in France growing as climate motions hit corporates

Investors and regulators in Europe’s second-largest market are increasingly looking to introduce net zero-related motions

Research

Net zero could be sped up if oil, coal and gas capital costs were to rise

Pensions

Better policymaking will stop short-termism from holding back net zero

Investment Manager

Due diligence laws divide financial firms

PepsiCo facing ‘$4.4bn of climate related risk per year’

US food and beverage giant PepsiCo could be exposed to $4.4bn of climate related risk per year by the end of the decade

By Christopher Marchant

Global firms call for transition pathways and carbon tax

Glencore’s coal projects targeted in shareholder resolution

HSBC to ‘stop new oil and gas funding’

COP27: Ninety One’s Du Toit calls for end to virtue signalling

Maersk and Spanish government to ramp up green fuel production

Are big banks moving from big oil?

Investment Manager

BlackRock retains 7% stake in German firm suing Netherlands over coal phase out

Insurance

Climate change number-one risk for insurers globally, AXA report reveals

Energy

InterEnergy secures $1bn renewable energy investment

Drax denies ‘harvesting’ ancient forests in Canada to burn at UK power station

One of its largest investors, Schroders, said it had sought “assurances” from Drax “that its pellets and woodchips are from legal and sustainable sources”.

Transition

Asset managers’ net-zero targets a ‘distraction or misleading’

LGPS

In conversation with GLIL’s Dr Patricia Rodrigues Jenner

Banking

‘Brutally honest’ Bank of America equivocates on GFANZ

Investment Manager

NYC comptroller accuses BlackRock of ‘backtracking’ over climate commitments

Investment Manager