16th February 2024 News

JPMorgan, State Street quit climate group, BlackRock steps back

JPMorgan Chase’s and State Street’s investment arms both quit a global investor coalition Climate Action 100+, pushing companies to rein in climate-damaging emissions, while BlackRock said it has transferred its membership to its international arm, limiting its involvement. The decisions together remove nearly $14 trillion of total assets from efforts to coordinate Wall Street action on tackling climate change. Read more

Japan Launches Inaugural $11 Billion Climate Transition Bond Offering

The government of Japan announced the completion of its first-ever Climate Transition Bond offering, raising JPY800 billion (USD$5.3 billion) in proceeds aimed at funding efforts to support the country’s transformation to a carbon neutral economy, with a particular focus on decarbonizing hard-to-abate industrial sectors.Read more

ESG Chronicle Team