The world’s most influential banks need to substantially accelerate climate efforts

Many of the world's biggest banks are falling far short of aligning their practices with the Paris Agreement goal of limiting the Earth's warming to 1.5 degrees Celsius above pre-industrial levels, a new report from the IIGCC warns. The report is discussed in an Associated Press news item on The Independent website.   Banks far … Continue reading The world’s most influential banks need to substantially accelerate climate efforts

A new twist to ESG investing

When making a quick judgement on a company or other investment proposition, don’t take any assertions of ethical behaviour at face value, writes Hamish McRae in an article on The Independent website.   Ethical investing is harder than it looks – here’s why It is a tough one. Do investors have to choose between ethics … Continue reading A new twist to ESG investing

Finance, whether green or otherwise labeled, will not come to the rescue of the planet

'Le Monde' journalist Eric Albert explains how the global head of responsible investing at HSBC bank dared to voice what most financiers are thinking: that climate change does not affect finance.   Green finance will not save the planet Stuart Kirk jolted everyone in the room awake. At a May 20 conference hosted by the … Continue reading Finance, whether green or otherwise labeled, will not come to the rescue of the planet

If ESG is to live up to its potential, we’re still a long way from making it meaningful

In an article on The Conversation website, Marc Lepere, PhD Candidate in Political Economy at King's College London discusses many of the concerns about the Environmental, Social and Governance (ESG) label. Fortunately, there is hope for the future.   Green investing: the global system for rating companies’ ethical credentials is meaningless As the war in Ukraine … Continue reading If ESG is to live up to its potential, we’re still a long way from making it meaningful

Blog from Peter Sweatman: And how much of the $100 trillion is earmarked for energy efficiency, Mark?

On November 3rd, during the first week of COP26, Mark Carney, the UN Special Envoy on Climate Action and Finance, announced that 450 financial organisations from 45 countries pledged to deliver the estimated $100 trillion of finance needed for net zero over the next three decades. This is the Glasgow Financial Alliance for Net Zero … Continue reading Blog from Peter Sweatman: And how much of the $100 trillion is earmarked for energy efficiency, Mark?

The climate crisis can never be solved by today’s free markets

Dominic Rushe writes on The Guardian website about the views of Tariq Fancy, the former chief investment officer for sustainable investing at BlackRock, the world’s largest asset manager. But for Fancy, who now runs the digital learning non-profit Rumie in Toronto, Canada, BlackRock’s move, and the ones it has inspired, contain a fundamental flaw: the … Continue reading The climate crisis can never be solved by today’s free markets