Blackstone appoints new Global Head of ESG

The investment management firm is looking to embed ESG at the heart of its investments and policies going forward

Global financial industry calls for more climate action from G20 ahead of COP26

GFANZ, which represents $90tn in global assets, has published a report of the further action that needs to be done by G20 governments to achieve net zero aims

Bank of Finland commits to carbon-neutral investments by 2050

The central bank of Finland has pledged to channel cash flows to low carbon investments

‘First ever’ £430m government-backed green transition loan announced

Wood plc will receive the loan to increase clean growth exports, green jobs and take advantage of the energy transition

‘Environmentally-friendly stocks offer better returns than polluting investments’

New research suggests there is a 30% lower chance of risk when investing in companies that fare better for the environment

Coutts becomes ‘UK’s largest’ B Corp private bank

B Corp status is given to businesses that meet the highest standards of social and environmental performance

Sustainable investments make up a third of all global assets

This is a 15% overall increase since 2018, according to the Global Sustainable Investment Alliance

BBVA doubles sustainable funding to €200bn

The Spanish bank has already channelled €59bn into sustainable projects since 2018

MDB climate finance investment hits $66m in 2020

Throughout the last decade, MDBs have jointly given $257bn of climate finance to accelerate global decarbonisation

Danske banks ‘UK’s first’ carbon-neutral mortgage

It has committed to offset all emissions generated by its mortgages