Category: Impact investing

Munich state-owned bank BayernLB has joined the Principles for Responsible Banking, which commits signatories to measure and reduce the negative impacts that their operations have on society, the economy and the environment - while increasing positive impacts. The bank said that it will target “a climate-neutral portfolio by 2050”, and aim to significantly increase its range of ESG products by the end of next year.

Members of the Asian Utilities Engagement Program, a shareholder initiative supported by  the Asia Investor Group on Climate Change, have announced that Hong Kong-based utility CLP Group has committed to achieving Net Zero emissions by 2050, and phasing out its coal power fleet by 2040. CLP Group, whose lead engagers are BNP Paribas and Manulife, is one of five companies that investors are engaging with directly on climate change risks and opportunities through the program.

Companies, investors and sovereign nations are increas…