Archive

Bank of Japan warns of climate risk 'spillover' across industries from rise in carbon prices

Climate transition risks spurred by rising carbon prices could have damaging and widespread "spillover" effects across the Japanese economy - including to regional banks not substantially exposed to the worst-hit sectors, the Japanese central bank has warned.

EU building energy performance deal is 'game-changer' for renovation green bonds

The draft final agreement on the EU Energy Performance of Buildings Directive (EPBD) could trigger a "renovation wave" among European bank green bonds, according to Dutch lender ABN Amro.

UK to study how it can be 'best place in the world' for transition finance

An independent review has been launched by the UK government to study how it can "become the best place in the world for raising transition capital" with a mandate that identifies assurance of financial transactions among ways the market can grow "with integrity".

Banks' disproportionate lending to high-emitting sectors poses stability risks, ECB warns

Eurozone banks lend "disproportionately" to high-emitting sectors and thereby risk financial instability, the European Central Bank (ECB) has warned, as it called for a tougher strategy to tackle such risks that could include increased capital requirements.

Call for EU to create 'taxonomy-aligning' benchmarks

The EU Platform on Sustainable Finance has proposed 'taxonomy-aligning' benchmarks that would select constituents based on the percentage of their investments in activities aligned with the EU's taxonomy.

EU Parliament, Council reach building energy performance deal

Eurazeo maritime climate upgrade fund targets $300m fundraise in 2024

Eurazeo is planning to raise at least $300 million from its private debt, climate-themed upgrade fund for the maritime sector, which is expected to launch later in 2024.

NZBA grows to 136 banks as 'milestone' targets date looms

The Net Zero Banking Alliance (NZBA) has seen its membership triple to 136 since it launched in 2021, with 90% of those required to set their initial targets already having done so ahead of a key targets deadline next year.

ABN Amro: EPC changes could impact Dutch banks' green bonds

Green bond investors should be cautious about Dutch bank green bonds allocated heavily to Dutch real estate, ABN Amro said, ...

NBIM plans $70bn sustainable private equity investment expansion

Norges Bank Investment Management (NBIM) is proposing updating the investment strategy for the NOK15.6 trillion ($1.46 trillion) Norwegian sovereign wealth fund to include net zero-aligned unlisted equity investments.