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French financial firms must draw on coal lessons for fossil fuel policies, say regulators

French regulators have encouraged financial firms to draw lessons from their thermal coal policies for other fossil fuel sectors in order to align with the goals of the Paris Agreement...

Total secures shareholder backing for controversial climate strategy

AMF study identifies weaknesses in French institutions' TCFD reports

Financial institutions continue to struggle to report decision-useful information on how their overall strategy responds to climate change, according to an analysis of French financial institutions' Task Force on Climate-related Financial Disclosures (TCFD) reports.

News round-up: US sustainable investment boom, human rights disclosure fail, CIP, and more...

PRI ejects first five signatories for failing minimum standards

The UN Principles for Responsible Investment (PRI) has for the first time booted out five signatories for failing to meet the minimum requirements, with a further 15 signatories at risk of being delisted in 2021.

ACPR: Banks need to incorporate climate into risk management framework

The French Prudential Supervision and Resolution Authority (ACPR) has published a guide to good practices in governance and climate risk management for the banking industry.

Bonds round-up: ICBC, Banque Postale, ABN Amro, ERG, Yorkshire Water, Woolworths, Shinhan Bank, IADB, Chile, Otto, Arizona State University, NYC Housing, OPIC, Nomura, Trianon

La Banque Postale has issued its first green bond, raising €750 million ($849 million).

French regulator calls for ‘green and brown’ taxonomy

France’s financial regulator has called for the rapid introduction of a formal definition of investments that are beneficial or detrimental to the environment – a so-called taxonomy of ‘green’ and ‘brown’ assets.

French funds dominate top 10 European funds for climate performance

French funds dominate a list of the top ten European equity funds for climate performance.

First green-certified commercial real estate loan to build Paris towers

A commercial real estate loan that will help build hotel and office space in Paris has become the first to be certified as green and provide an accompanying external second party opinion.