Archive

One-year delay to Deforestation Regulation agreed by EU Council, Parliament

The EU Deforestation Regulation will apply one year later than initially proposed, after agreement by the European Council and Parliament staved off proposals from right-wing politicians to water down the rules.

Amazon takes delivery of investor letter on workers' rights

Some 50 investors representing more than $1.2 trillion in combined assets have written to Amazon expressing concerns about the rights of its workers to undertake collective bargaining.

Sustainability-linked finance guidelines for shipping firms published

Guidelines for shipping firms and lenders on issuing sustainability-linked loans and bonds have been published by a working group of Nordic firms in order to introduce a higher level of industry standardisation and avoid 'greenwashing'.

Nordea, Kempen among new Finance for Biodiversity Pledge signatories

Financial firms managing more than €12 trillion ($13.6 trillion) in assets have now signed the Finance for Biodiversity Pledge after nine new signatories joined the initiative, including Nordea Asset Management and Kempen.

KLP among investors in €270m housing impact fundraise

Norway's KLP pension fund was among investors to commit about €270 million ($310 million) to an 'affordable' housing impact fund that incorporates a 'penalty clause' if the fund does not meet its impact or financial targets.

2DII launches PACTA advisory group

2° Investing Initiative (2DII) has appointed an expert group to advise on new governance for the Paris-based thinktank's climate scenario analysis and alignment methodology.

News round-up: KLP, National Pension Service of Korea, Pioneer Point and more

KLP invests €200m in green infrastructure

Investor support for Mizuho Financial climate resolution grows

Mizuho Financial faces growing pressure as more investors back a shareholder resolution calling on the bank to disclose its climate risks and publish a plan to align investments to the Paris Agreement.

Norway's largest pension fund to exclude oil sands companies

Norwegian public sector pension fund KLP has pledged to exclude companies that make more than 5% of their revenue from oil sands.