Archive

$4.5trn of investors threaten Big Four over decarbonisation auditing

A group of investors representing over $4.5 trillion have written to the UK 'big four' audit firms, threatening to vote against their reappointment if they fail to address issues surrounding decarbonisation.

Ground-breaking BlackRock public-private EM climate fund exceeds target

BlackRock has announced its flagship public-private financing Emerging Market (EM) climate infrastructure investment fund has raised more than $670 million...

Tokyu Fudosan issues sustainability-linked bond amid ground-breaking ESG finance plan

Japanese real estate firm Tokyu Fudosan has raised JPY10 billion ($90 million) from a sustainability-linked bond...

New York Fed climate stress test demonstrates 'substantial' risk for banks

Researchers at the Federal Reserve Bank of New York have published a transition risk-focused climate stress test metric for banks, which demonstrated climate risk was "economically substantial" for some lenders during the 2020 energy crisis.

$9trn PRI-led investor group demands extending scope of EU's CSRD

A $9 trillion group of 54 investors led by the Principles of Responsible Investment (PRI) has asked legislators to extend the scope of the EU Commission's proposed Corporate Sustainability Reporting Directive (CSRD) to include non-listed small and medium-sized enterprises from 'high risk sectors'.

Ground-breaking sustainability Tier 2 sukuk 12-times oversubscribed

Turkish lender Kuveyt Türk Katilim Bankasi has raised $350 million from its "landmark" sustainability sukuk, the first Tier 2 regulatory note issued through the sharia-compliant bond structure.

COP26 must deliver incentives to stop deforestation, says NGO

An NGO that helped create the UN-mandated REDD+ programme has outlined its hopes for COP26, including that the summit will lead to more financial commitments...

The billion-dollar funds that have changed impact investing

What does the broader impact market think of large private equity giants' positive impact claims, Michael Hurley asks

Morgan Stanley: five takeaways for investors from UN biodiversity plan

Morgan Stanley has revealed the implications of the UN's draft biodiversity plan for investors of targets...

Sustainability-linked and green loan round-up: EIB issues first SLL, and more...