Innovate UK offers £7m to cement, glass, ceramics, paper, metals and chemical sectors

The new financing for these ‘foundation industries’ will be delivered alongside support from partner investors

HSBC unveils new net zero plans

The strategy aims to prioritise financing and investment that supports decarbonisation and promises to ‘apply a climate lens’ to financing decisions

Financial Conduct Authority outlines landmark climate risk reporting measures

It says the measures are aligned with those proposed in the Pension Schemes Bill and notes they likely will be introduced over the next two years

Robeco extends fossil fuel exclusion policy to cover €144bn of assets

The rule, which will take effect at the end of 2020, expands on the firm’s previous thermal coal exclusion policy

Morgan Stanley commits to net zero financed emissions by 2050

The bank, which financed nearly $11 billion in fossil fuel expansion in 2019 alone, has not elaborated on its plans to reach the target

Government says consolidation of pension schemes could enable greener investments

It suggests defined contribution schemes have the benefit of being able to direct funds towards longer-term, illiquid investments such as housing, infrastructure and green infrastructure

TSB Bank launches tree-planting programme to offset impact of house moves

For every TSB Bank mortgage provided, the bank will plant a tree – it expects to see around 1,500 trees planted every month

Electricity pylons
Electricity North West to invest £25m to enable region’s journey towards net zero

The funding aims to ensure those living and working in the region continue to receive a reliable supply as power demand soars and rate of electric vehicle ownership continues upwards

Gaia Says No! Episode 8 – Money

Listen in as ethical finance expert Clare Brook joins us to discuss this emotive and often divisive issue

Seven of the world’s biggest multilateral banks ploughed $61.6bn into climate finance in 2019

Climate change mitigation investments made up around 76% of total financing for the year