Finance

Asset manager said it aims to deliver long-term returns, net zero carbon emissions, and improved ESG outcomes through new investment vehicle

Draft recommendation reportedly criticises bank for failing to provide sufficient context on its continued investments in fossil fuels

But asset management giant stops short of establishing figure as official target, stressing that final investment decisions remain at discretion of its investor clients

Publication of foundations paper marks major milestone in standards body’s drive to create new standard that can bring more credibility to financial sector net zero targets

In an era of 'asset manager capitalism', passive funds are undermining fossil fuel divestment progress by propping up polluting industries falling out of favour from active investors, writes Common Wealth's Chris Hayes

Financial sector regulators should be tasked with delivering net zero, campaigners argue

Criteria for gas plants’ inclusion in EU green finance rulebook set out in official documents are less stringent than leaked proposals, sparking fierce criticism from environmental campaigners

Net Zero Finance Summit to bring together top investors, asset managers, corporates, policymakers, and campaigners this March to explore the challenges and opportunities ahead for the fast-expanding green finance sector

Annual letter from boss of world's largest asset manager defends focus on climate action, but campaigners accuse BlackRock of continuing to invest heavily in fossil fuels infrastructure

New facility aims to help embed firm's ESG goals into its wider operations