Bank of America joins Partnership for Carbon Accounting Financials to disclose climate impacts

The bank has joined the industry partnership, which is working to develop a common framework to assess the environmental footprint of financed emissions

UK’s biggest pension fund to shift £5.5bn in ‘climate aware’ investments

Nest has also pledged to begin divesting from companies involved in thermal coal, oil sands and arctic drilling and be completely divested by 2025

Ratings giant Moody’s announces new environmental commitments

The corporation aims to halve its direct and indirect emissions by 2030

Reusable battery developer secures £2m investment to scale up circular technology

Aceleron’s technology aims to reduce battery waste by developing lithium-ion batteries which can be reused

Deutsche Bank announces end of global business activities in coal mining by 2025

The bank has also announced the roll-out of a strict framework, which will assess the environmental and social risk of financing projects

NatWest Group becomes ‘UK’s first’ bank to join the Partnership for Carbon Accounting Financials

The initiative enables financial institutions to assess and disclose greenhouse gas emissions of loans and investments

World Bank unveils sustainable development bond worth $5bn

The organisation suggests ‘extremely strong demand’ saw more than 100 orders placed with global investors

NatWest Group appoints Lord Stern as independent climate change advisor

In his new role, he will provide independent advice, guidance and challenge to senior executives and management, as well as inform the implementation and delivery of the bank’s sustainability targets

Bank of the West launches first bank account designed for climate action

The bank donates 1% of the account’s revenue to climate non-profits at no cost for the customer

Major Danish pension fund divests from 20 coal companies

PKA has also pledged to stop investing in companies with a more than 20% reliance on fossil fuels