IIGCC to step up pressure on banks to demonstrate action on net zero
A group representing investors with €65 trillion ($70 trillion) in assets under management has published a set of expectations for banks, as they push for more details on how banks will act on pledges to achieve net zero emissions.
LGIM: Divestment improved engagement with ICBC
Engagement with companies improved after their shares had been sold, Legal & General Investment Management (LGIM) has said.
WBA announces 2,000 most influential firms for sustainable future
The World Benchmarking Alliance has revealed the 2,000 companies that it believes have the greatest influence on global progress towards a "more sustainable future" ahead of ranking them for progress.
Langham Hospitality Investments signs first Asian hospitality sustainability loan
Langham Hospitality Investments has secured sustainability-linked loans worth HK$7.5 billion ($960 million), the first by an Asian-listed hospitality firm.
20% of Hong Kong companies sustainability compliant
Only 20% of Hong Kong's largest companies have good compliance with international sustainability guidelines, according to Standard Ethics.
$7bn of Chinese soy chain capital ‘exposed to deforestation risk’
Chinese financial institutions have been urged to manage their exposure to deforestation risks, after a study found that about $7 billion in bond and share issues by companies in the country’s soy supply chain are exposed.
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.
Environmental Finance Green Bond Awards winners revealed
Environmental Finance's Green Bond Awards have grown for the second consecutive year, as the number of categories expands in line with a rapidly expanding market.
Giant Australian wind projects get dual financing boost
A pair of onshore wind farms in Australia with a combined 959MW of planned capacity have agreed financing deals with a host of major banks and telecommunications companies.