Archive

Chinese regulators to exclude 'clean' fossil fuels from green bond standard

Chinese regulators propose to exclude controversial 'clean' fossil fuel projects from their list of eligible green bonds.

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.

HSBC and IFC real economy green bond fund raises $470m

HSBC Global Asset Management (HSBC GAM) and the International Finance Corporation announced their green bond fund targeting "real economy" assets has raised more than $470 million following its third close.

Majority of Europe's largest companies still 'failing' in climate reporting

In 2019, more than three quarters of Europe's largest companies were not adequately reporting climate and environmental risks, according to the Climate Disclosure Standards Board (CDSB).

Banks' fossil fuel commitments accelerate as pressure intensifies

Deutsche Bank sets 'ambitious' sustainability targets

Deutsche Bank outlined targets which will see the German lender boost sustainability assets to over €200 billion ($217 billion) by 2025 and issue its first green bond.

Corporate sustainable deposits top $2bn at Standard Chartered

Asia-focused bank Standard Chartered announced its corporate sustainable deposit product crossed the $2 billion mark only a year after being launched, helped by a "significant" deposit from EDF.

HSBC picks fixed income head for impact role

HSBC's asset management division is to create an impact investing strategy that will be led by its former banking head of environmental, social and governance (ESG) fixed income research.

Expect green bond rebound amid Covid-19 recovery, HSBC says

The recent dip in green bond issuance is set to be short-lived, with a rebound likely due to factors including the implementation of the EU Green Deal and COP26, according to HSBC.

HSBC closes coal project funding loophole as pressure mounts

HSBC has closed a controversial loophole which allowed the bank to continue to fund coal projects in three countries, but campaigners continued to push for coal funding to be withdrawn altogether.