ShareAction warns world’s largest climate investor group is at risk of greenwashing - but Climate Action 100+ insists it is pushing climate issues into the corporate mainstream
But campaigners warned strategy is too weak and littered with loopholes that would allow bank to continue to finance expansion of oil and gas industry
Leading shareholders claim successful engagement with bank has secured new commitments to phase down fossil fuel financing and tighten lending policies
New analysis reveals Net Zero Banking Alliance members funnelled $33bn towards expanding oil and gas production over past year, but banks insist they are working to reduce their exposure to fossil fuels
VIDEO: Climate Analytics CEO Bill Hare, ShareAction CEO Catherine Howarth, CDP CEO Paul Simpson, and Nomad Foods CEO Stefan Descheemaeker discuss how to avoid greenwash at the Net Zero Festival
Fresh criticism of a contentious sustainable finance report published by BlackRock for the European Commission adds to the long-running debate over how best to deliver a greener future for the finance sector
Campaigners welcome AGM vote but warn bank's commitment must be followed up by robust framework for delivering global 2040 coal financing phase out
VIDEO: Chief executive of the responsible investment charity chats to BusinessGreen's James Murray about the rise of shareholder activism in driving climate action
World’s largest proxy advising firm has updated its guidelines for fund managers to vote against board members who fail to account for climate risk
UK pension provider becomes the latest in the sector to commit to both 2030 and 2050 portfolio decarbonisation targets