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Japanese banks' portfolios misaligned with Paris Agreement, says 2DII

Japanese banks' loan books are misaligned with the Paris Agreement, said a paper written by the 2 Degrees Investing Initiative (2DII) and released by the Financial Services Agency (FSA)'s Finance Research Center.

People Moves 15 July: BlackRock, ISSB, Impax, ESG Book, Axa IM & more

Investors may greenwash using SFDR labels, 2DII finds

Financial think-tank 2 Degrees Investing Initiative (2DII) said it had found risks of greenwashing to be particularly high around the use of Sustainable Finance Disclosure Regulation (SFDR) marketing labels by investors, when they are combined with claims of contribution to positive environmental impact.

2DII: Green bonds require 'major adjustments'

Green bonds require "major" reforms as they are failing to support small companies and small projects,Green bonds require "major" reforms as they are failing to support small companies and small projects, non-profit 2° Investing Initiative (2DII) has said.

2DII's new guidelines 'fill gap' for climate impact management systems

Guidelines for a new "climate impact management system" have been proposed by the 2° Investing Initiative (2DII)'s Impact Program and French environment agency ADEME,...

CCCA banks to publish principles for low-carbon portfolio alignment

The Collective Commitment to Climate Action (CCCA) is to publish agreed principles and guidance for assessing portfolio alignment, and setting and reporting on alignment targets, by the end of Q1 2021.

Sustainability-linked bonds are 'more powerful than green bonds'

ESG in Fixed Income Europe 2020 conference: The 'use of proceeds' model adopted by most green bonds came under attack, amid allegations that it is susceptible to 'greenwashing'.

Boston Common: Differing methodologies for bank sustainable financing 'unnecessary competition'

Boston Common Asset Management (BCAM) has criticised the increasing number of methodologies used to assess how a bank's sustainable financing commitments impact its portfolio, as a distraction from core climate goals.

2DII stakeholders show support for its stance in break with SBTi

The 2° Investing Initiative (2DII) has published feedback on its public spat with the Science-Based Targets initiative (SBTi), showing that numerous stakeholders agree with its critique of a methodology for investors.

Rocky Mountain Institute launches climate finance centre with US banks

The Rocky Mountain Institute (RMI) has launched a research centre to help shape the role that the financial industry has in driving the transition to a low-carbon economy, with four major US banks collaborating on the project