Co-chairs confirmed for TNFD working group
Three co-chairs have been nominated to lead the Informal Working Group (IWG) that is tasked with launching a work plan for the Task Force on Nature-related Financial Disclosures (TNFD):
Principles for Responsible Banking launched with backing of 28 banks
The launch of a set of six principles seeking to commit banks to align with both the Paris Agreement and the UN’s Sustainable Development Goals (SDGs) has been hailed as a ‘global benchmark for sustainable banking’.
Sustainable banking principles to be launched in November
Banks from five different continents have joined forces to redefine the sector's purpose, in alignment with the UN Sustainable Development Goals (SDGs) and the Paris Agreement.
Mexican and Canadian pension funds buy $1.35bn of Enel renewables
Canadian institutional investor Caisse de dépôt et placement du Québec (La Caisse) and a consortium of Mexican companies have paid $1.35 billion for a majority share in eight Enel wind and solar assets.
Green bond round-up, 6 September 2017
Canada's export credit agency, Export Development Canada (EDC) has issued its fourth green bond – its first denominated in its home currency.
Initiative aims to help banks measure the economic impact of drought
Nine banks have joined an initiative to help measure the economic impact of drought in their stress testing scenarios.
Green bond market gets its first agricultural and forestry standards
The Climate Bonds Initiative (CBI) has released standards it hopes will bolster green bond issuance in the agricultural and forestry space.
Tool invented to assess water risk in corporate bonds
A tool launched today will make it easier for investors to incorporate water risk into their corporate bond credit risk analysis.
Natural capital roadmap launched
An initiative to help companies in the financial sector account for natural capital has launched a roadmap, marking the start of a new phase in its development.