Virginia Furness

London

Correspondent at Reuters

Sustainable finance @Reuters. [email protected]. Tweets and opinions my own.

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Articles

Adviser pushes back on Trump plan to boost domestic minerals production

3 weeks ago | msn.com | Virginia Furness

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Adviser pushes back on Trump plan to boost domestic minerals production

3 weeks ago | kfgo.com | Virginia Furness

By Virginia FurnessLONDON (Reuters) – A well-known adviser to the U.S. International Development Finance Corporation (DFC) is pushing back against a plan by President Donald Trump to use it to boost domestic investment in mineral production. WHY IT’S IMPORTANT:DFC is a key source of development finance globally and has a portfolio of more than $50 billion in projects from food, energy, and health to critical infrastructure.
MUFG names first sustainability head for EMEA

3 weeks ago | kfgo.com | Virginia Furness

By Virginia FurnessLONDON (Reuters) -Japan’s MUFG has appointed its first chief sustainability officer for Europe, the Middle East and Africa as it looks to help clients in the region become more sustainable, the bank said on Wednesday. Stephen Jennings, a 24-year veteran of energy and renewables financing, adds chief sustainability officer EMEA to his current role as head of energy structured finance EMEA and head of sustainable business division, EMEA, MUFG said in a statement.
ING Becomes First Globally Important Bank to Meet Climate Watchdog Standards

4 weeks ago | insurancejournal.com | Virginia Furness |Simon Jessop

ING has become the first systemically important global bank to have its climate goals validated as being in line with efforts to limit global warming to 1.5 degrees Celsius, the body responsible for awarding the standard said on Wednesday. The bank said in a statement it had met the threshold for targets across its lending to fossil fuels, power generation, cement, steel, automotive, aviation and the commercial real estate sector.
ING first globally important bank to meet climate watchdog standards

4 weeks ago | today.westlaw.com | Alison Williams |Virginia Furness |Simon Jessop

LONDON (Reuters) - ING has become the first systemically important global bank to have its climate goals validated as being in line with efforts to limit global warming to 1.5 degrees Celsius, the body responsible for awarding the standard said on...
Amazon to sell carbon credits to suppliers, customers

1 month ago | streetinsider.com | Virginia Furness

1. MU2. NKE3. FDX4. DRI5. BA6. SPY7. MPWR8. ALNY9. ASO10. CCL Tweet Share E-mail0 shares FILE PHOTO: Amazon logo is seen in this illustration taken February 11, 2025. REUTERS/Dado Ruvic/Illustration/File Photo By Virginia Furness LONDON (Reuters) - Amazon has begun selling carbon credits to its suppliers, business customers and other companies, the U.S. retail giant said, which can be used to offset their climate-damaging carbon emissions.
Amazon to Sell Carbon Credits to Suppliers, Customers

1 month ago | money.usnews.com | Virginia Furness

By Virginia FurnessLONDON (Reuters) - Amazon has begun selling carbon credits to its suppliers, business customers and other companies, the U.S. retail giant said, which can be used to offset their climate-damaging carbon emissions. The launch comes amid a major debate between companies, project developers and scientists about the extent to which carbon credits should be used to help companies reduce their emissions, as well as how to ensure the credits' quality.
Climate group SBTi proposes new rules, holds line on carbon offsets

1 month ago | wcbm.com | Virginia Furness |Simon Jessop

https://www.srnnews.com/media/2025/03/1742331956905611yL2XqhA9MO.jpg?x96198Climate group SBTi proposes new rules, holds line on carbon offsetsBy Virginia Furness and Simon JessopLONDON (Reuters) – A leading assessor of company climate goals on Tuesday proposed new rules to better help companies set high-quality emissions-reduction plans, but said it had no plans to further loosen its rules around the use of carbon credits.
Climate Group SBTi Proposes New Rules, Holds Line on Carbon Offsets

1 month ago | usnews.com | Virginia Furness |Simon Jessop

By Virginia Furness and Simon JessopLONDON (Reuters) - A leading assessor of company climate goals on Tuesday proposed new rules to better help companies set high-quality emissions-reduction plans, but said it had no plans to further loosen its rules around the use of carbon credits. The Science-Based Targets initiative was last year at the centre of a row over the issue, with opponents saying its stance was holding back billions of dollars of investment in projects that remove and store carbon.
Climate group SBTi proposes new rules, holds line on carbon offsets

1 month ago | today.westlaw.com | Virginia Furness |Simon Jessop

LONDON (Reuters) - A leading assessor of company climate goals on Tuesday proposed new rules to better help companies set high-quality emissions-reduction plans, but said it had no plans to further loosen its rules around the use of carbon credits....