Category: Civil society


The latest developments in sustainable finance The latest developments in sustainable finance The latest developments in sustainable finance
Apr 14th, 2021
The number of companies with credible Net Zero targets has doubled in the past year, according to the Transition Pathway Initiative - an asset-owner led climate project. While only 50 of the 292 companies tracked by the Initiative are on track to keep temperature rises below 2℃, the number of companies with a ‘credible’ Net Zero target has risen from 14 to 35.
Meanwhile, a report from the UN Environment Programme Finance Initiative and the EU’s Climate-KIC has said that regulators should define and enforce Net Zero targets. The study identifies several financial policies and regulations it claims would have a large impact on climate change, including adjusting capital requirements to account for climate risk and signing a non-proliferation treaty on fossil fuel and deforestation finance by central banks and regulated banking institutions.
Campaign group Justice for Myanmar has called on S&P to axe all companies with commercial links to th…