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French central bank vows to cull coal and cap oil and gas investment by 2024 Banque de France in Lille | Credit: Velvet Banque de France to axe investment in firms generating more than half of their revenue from gas, 10 per cent from oil, and any revenue from coal by 2024 Banque de France has announced plans to phase out the bulk of its investments in oil and gas companies by 2024, making it the first national central bank in Europe to set out a timeline to significantly... To continue reading... The latest news

oC climate scenario, the relevant aspects of the EU Low Carbon Benchmark regulation (BMR), and recommendations from the Task Force on Climate-related Financial Disclosures (TCFD), while maintaining a broad, diversified exposure. The S&P PACT Indices consist of the S&P Paris-Aligned (PA) Climate Indices and S&P Climate Transition (CT) Indices. In this blog, we try to answer a simple question:  what drives the S&P PACT Indices’ weights? First, companies are  excluded (exclusion effect) due to business activities, public controversies,[1] and a low alignment score with the principals of the...

By Rachel Fixsen2020-12-11T11:07:00+00:00 Sweden’s AP7 announced it is blacklisting all companies making new major investments in coal production and coal power, widening the scope of the climate-linked divestment policy it has followed up to now. The SEK600bn (€59bn) state pension fund said the move to evolve its process linked to the Paris Agreement goals to mitigate climate change had meant the immediate exclusion of 10 firms from its investment portfolio. The fund said it had just completed the sale of these stocks with a total value of SEK273m (€26.6m). AP7, which manages the def...

By Susanna Rust2020-12-10T16:02:00+00:00 Sweden’s AP2 has pulled out of fossil fuel companies in connection with portfolio changes leaning on rules for a recently introduced EU climate benchmark, the fund’s latest step towards the goal of aligning its investments with the Paris Agreement. The state pensions buffer fund today announced it had adjusted its internal indices and portfolios for foreign equities and corporate bonds to ensure the holdings were consistent with the EU Paris-Aligned Benchmark (PAB). The changes relate to half of AP2’s portfolio – AP2 has total assets of just ...