Canadian regulator to require climate disclosures, scenario analysis
Canadian banks and insurance companies are to be required to conduct climate-related scenario analysis and disclose climate transition plans from next year.
'Capex must be a focus of energy transition engagement', investors told
Asset managers grappling with the energy transition have been urged to prioritise engaging on companies' capital expenditure (capex) plans.
Matthey appointed rapporteur for EU taxonomy working group
Astrid Matthey has been appointed rapporteur of the EU Platform's technical working group, as the second iteration of the Platform met for the first time.
US Treasury's Yellen warns of 'cascading' climate risk to financial system
The Secretary of the US Treasury has warned of the potential for climate-related events and their impacts on asset values to "cascade through the financial system" in the world's largest economy.
Palladium lauds 'turning point' in blended financing of natural capital
Governments are supporting private financing of natural capital projects with unprecedented energy around the globe, an executive at asset manager Palladium has said.
ISO sustainable finance 'could be as significant as ISSB'
A new ISO standard on sustainable finance could be as important a development as the International Sustainability Standards Board's (ISSB) forthcoming standards, it was claimed.
L&G-backed sustainable infrastructure advisor launches
An impact investment advisory firm and investment manager targeting sustainable infrastructure projects has launched with investment from Legal & General Capital.
Nuveen: Expect more 'debt-for-nature' deals after Barbados 'blue' bond
Nuveen expects more debt-for-nature deals as it confirms its anchor investment in the Barbados 'blue' bond, with the $1.1 trillion manager expecting 2023 to be key for the development of blended finance.
Canada looks to put transition planning at heart of taxonomy
A proposed Canadian taxonomy to identify 'climate-compatible' investments would require disclosure of transition plans with verification of emissions reductions targets.
JP Morgan launches $50m sustainable bond strategy
JP Morgan Asset Management (JPMAM) has launched an actively managed sustainable bond strategy focused on shorter duration investment.