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• IFC has vowed to adopt the NGO’s coal exit criteria for Green Equity Approach
• The corporation urges clients to screen their coal exposure against the list
• Similar exit from oil and gas must follow immediately

• Climate finance experts reveal major loopholes in hundreds of financial institutions' coal policies
• New online tool exposes banks, insurers, asset owners and asset managers with no restrictions on coal
• Weak policies could lead to expansion of coal industry if left unchecked

• Climate finance experts reveal major loopholes in hundreds of financial institutions' coal policies
• New online tool exposes banks, insurers, asset owners and asset managers with no restrictions on coal
• Weak policies could lead to expansion of coal industry if left unchecked

A coalition of non-governmental organizations has criticized the 2020 Annual Meeting of the Asian Infrastructure Investment Bank (AIIB) for not allowing the participation of affected communities and civil society during the meeting that took place in late July.

• Bank intends to reduce financing for coal, oil & gas
• No more business with majority coal mining companies from 2025 on
• Coal giants like Glencore and RWE could still remain clients

• World’s second-largest insurer excludes coal companies from 2023 on
• Companies with 25% coal share of revenue or 50 mill annual production affected
• Allianz catches up with AXA, but doesn’t overtake this time