Storebrand: Investors should apply biodiversity exclusions 'much more'
Investors should be adopting the "precautionary principle" around investment exclusions on biodiversity grounds "much more", Storebrand told an Environmental Finance event
Forthcoming TNFD metrics would work in sustainability-linked instruments
Metrics to be published by the Taskforce on Nature-related Financial Disclosures (TNFD) next week should be usable in sustainability-linked instruments, which could speed-up TNFD adoption, a member of the initiative has told an Environmental Finance event
ECB says climate 'tilt' cut carbon intensity of bond purchases by 65%
The weighted average carbon intensity (WACI) of corporate bond purchases by the European Central Bank (ECB) was slashed by about 65%, following the introduction of a 'climate tilt' methodology to prioritise 'greener' issuers
US ESG pushback won't have staying power, says Breckinridge
The political pushback from some US states on ESG "won't have any staying power", with resistance likely to fade as states realise the imperative to invest for climate resilience, an analyst at Breckinridge Capital Advisors has said.
AllianzGI launches sustainability data product
Allianz Global Investors has launched a sustainability data product which it says will enable its investment teams to better navigate the "ever more challenging ESG data landscape".
FCA warning on ESG benchmarks 'to be welcomed by investors', says Osmosis
Osmosis Investment Management has welcomed a warning from the UK's Financial Conduct Authority (FCA) that it is prepared to take action to tackle poor disclosures by providers of ESG benchmarks.
Biden vetoes Republican objection to ESG rule
UK FCA warns of action on ESG benchmark failings
The UK's Financial Conduct Authority (FCA) has warned it is prepared to take action to tackle poor disclosures by providers of ESG benchmarks, as it identified failings in several areas by all providers.
CDP: Finance industry must limit water risk 'blind spots'
More financial institutions need to assess their water risks to help reduce their risk "blind spots", with banks leading the way so far, disclosures platform CDP said.
PBAF seeks to nip biodiversity materiality struggles in the bud
The Partnership for Biodiversity Accounting Financials (PBAF) is prioritising helping financial institutions overcome their struggles to assess biodiversity materiality, the organisation has said.