investments
New poll: Australians draw the line at badly behaving banks
Almost half of Australians would consider changing banks if they became aware that the bank was behaving unethically, according to a new Oxfam Australia survey. The national survey, which examined attitudes of 1000 Australians towards Australian banks and ethical investment, revealed 75 per cent of respondents don’t think that banks should provide loans to companies […]
Financial institutions drop the bomb from their investment portfolio
53 financial institutions prohibit or limit investments in nuclear weapon producers, shows Don’t Bank on the Bomb, a report published today by Dutch peace organization PAX. This is a 150% increase compared to last year’s report. The increase illustrates the growing stigmatization of nuclear weapons because of the renewed focus on their humanitarian consequences. The […]
Axa pledges to sell €500m of coal assets by end of year
Axa, one of the world’s largest insurers, has become the first global financial institution to shun investments in coal companies. The French group, which has more than $1tn in assets under management, will sell €500m of coal assets between now and the end of the year, its chief executive, Henri de Castries, said at a […]
Project finance drives 24% quarterly rise in clean energy investments
Clean energy asset financing rebounded strongly in the second quarter of 2012, while equity financing remained subdued, according to Bloomberg New Energy Finance (BNEF). Investment into clean energy over April to June reached a total of $59.6 billion, BNEF said, up 24% on the previous quarter but 18% below the near-record quarterly figure of $72.5 […]
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