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US financial regulators urged to address climate risk

US financial regulators have been urged to make 2022 a year of action on climate change.

Two Sigma Impact acquires 'opioid care' provider

Two Sigma Impact and FFL Partners, a $5 billion private equity firm, have acquired a majority ownership stake in Community Medical Services (CMS), an 'opioid treatment' programme provider.

US banking regulator drafts climate risk principles

The US Office of the Comptroller of the Currency (OCC) has opened a consultation on climate-related financial risk principles for banks while acknowledging "emerging risks" from climate change.

ICE to launch global carbon futures contract

Intercontinental Exchange (ICE) plans to launch a futures contract based on the ICE Global Carbon Futures Index in early 2022.

HSBC, Euronext launch 'first' biodiversity equity index

HSBC and European stock exchange operator Euronext have launched a biodiversity-screened equity index series.

Moody's: 'Very large overlap' between double materiality and financial materiality

Moody's Investors Service expects that there could be a "very large overlap" between double materiality and the financial materiality...

Nestlé dropped from DJSI 'after reporting review'

Nestlé has blamed its removal from the S&P Dow Jones Sustainability Indices (DJSI) on a review of its sustainability reporting.

People Moves 12 November: Blackstone, JP Morgan, BNP Paribas and more

US financial regulators acknowledge climate action needed amid 'increasing threat'

US regulators have identified climate change as an "emerging and increasing threat" to US financial stability for the first time

Second UK green bond secures largest sovereign oversubscription

The UK has issued the sovereign green bond with the longest tenor after it raised £6 billion ($8.3 billion) from its second issue, with the transaction more than 12-times oversubscribed by investors.