Stewardship in Turbulent Times: One Day Symposium

The Oxford Sustainable Finance Group and ShareAction convened an invitation-only symposium at Balliol College, Oxford, bringing together a select group of leaders from across the capital markets. The theme – Stewardship in Turbulent Times – could not have been more timely, as economic, environmental, and geopolitical uncertainties continue to reshape the investment landscape. The gathering […]

Professor Rob Bauer public lecture: What Investors Really Want: Beliefs, Preferences, and the Practice of Sustainable Investing

The University of Oxford Prize for Greening Finance was established in 2023 to recognise research and service that helped society better understand how environmental change influenced finance and investment, and how economic and financial systems could contribute to achieving global environmental sustainability. An endowment was established to support the Prize in perpetuity through a generous […]

Global banks fuel fossil growth despite climate crisis warnings

City scape of Los Angeles with an orange to pink sky

Ben Caldecott, Director of the Oxford Sustainable Finance Group, was recently featured in an article by The Wall Street Journal, which detailed global banks sharp increase for fossil fuel financing in 2024, committing $869.4 billion—a 23% rise from the previous year—despite escalating climate warnings, according to the latest Banking on Climate Chaos report. Ben Caldecott […]

Stewardship in Turbulent Times: One Day Symposium

Convened by the Oxford Sustainable Finance Group and ShareAction: Stewardship in Turbulent Times. This closed-door gathering will bring together a select group of seasoned leaders with deep experience in capital markets to reflect and exchange on investor stewardship in a period of economic, environmental and geopolitical uncertainty. There is no fee for this event. Our […]

Professor Rob Bauer public lecture: What Investors Really Want: Beliefs, Preferences, and the Practice of Sustainable Investing

The University of Oxford Prize for Greening Finance was established in 2023 to recognise research and service that helps society better understand how environmental change influences finance and investment, and how economic and financial systems can contribute to achieving global environmental sustainability. An endowment has been established to support the Prize in perpetuity through a […]

Net-Zero Asset Owner Alliance to ‘advance work’ on financing CO2 removal

Green-leafed trees during daytime

Net-Zero Asset Owner Alliance to ‘advance work’ on financing CO2 removal Ben Caldecott, director of the Oxford Sustainable Finance Group, was recently featured in an article by Responsible Investor, detailing that the Net-Zero Asset Owner Alliance (NZAOA) expects to publish a paper on best practices for how investors can finance the development of carbon dioxide […]

Financing costs and the competitiveness of renewable power

a hazy light looking over a field with wind turbines. The ground is green and the sky is a mix of purples and violets

Executive Summary Relative to fossil fuel power, renewables are sensitive to changes in the cost of capital (CoC). After decades of low financing costs, interest rates have risen sharply in developed economies post-COVID19. We investigate the implications of changing CoC on the competitiveness of renewables, with impacts differing by region. In the U.S., higher rates […]

Climate Transition Plans’ Assessment in Hard-to-Abate Sectors: Evidence from Airlines

Water fountain coming from glass roof, surrounded by green shrubs and trees.

Executive Summary As industries navigate the transition to net-zero emissions, aviation faces unique challenges balancing growth with decarbonisation. With air travel demand expected to triple by mid-century and limited near-term alternatives to fossil fuels, credible climate transition plans are essential—yet robust assessment tools remain scarce. This study introduces a correlation based scoring framework to evaluate […]

Climate transition finance metrics effectiveness: An industry perspective

aerial view of a maze made from hedges. Circular

Executive Summary Climate transition finance metrics (TFMs) have become crucial for directing capital toward low-carbon pathways, yet their credibility, data integrity, and effectiveness in achieving near-term climate targets remain uncertain. In this study, we systematically examine TFMs reported by some of the largest global financial institutions-including banks, insurers, asset owners, and asset managers-and conduct a […]