-
Enel, Pimco launch CFO principles for SDGs
24 September 2020Pimco and Enel have helped launch a set of principles designed to drive increased corporate investment in support of the UN Sustainable Development Goals (SDGs).
-
The 'biodiversity funding gap' is up to $824bn a year
21 September 2020Financial flows into global biodiversity conservation in 2019 have been estimated at between $124 and $143 billion but the estimated amount needed to protect the earth's biodiversity is $722- $967 billion per year, leaving a current biodiversity financing gap of between $598 billion and $824 billion annually.
-
Paper firm Suzano outlines sustainability-linked financing framework
03 September 2020Brazilian paper and pulp firm Suzano has launched its sustainability-linked securities framework ahead of a potential bond issue, less than three months after international principles for the instruments were revealed.
-
Storebrand excludes 27 firms as it tightens climate policy
24 August 2020Norwegian asset manager Storebrand has tightened its climate policy significantly, which will see it exclude 27 firms including oil majors Chevron and ExxonMobil, miner Rio Tinto and chemicals giant BASF.
-
Norwegian oil fund continues ESG engagement ahead of renewables push
18 August 2020The manager of the giant Norwegian sovereign wealth fund reported it was continuing to engage heavily with firms on environmental, social and governance (ESG) issues, but was yet to get off-the-mark in its renewable energy investments.
-
Major European banks provided large-scale financial support to coal industry
15 July 2020European banks including Barclays, BNP Paribas and Societe Generale loaned billions of euros to coal companies across the EU in 2019, according to a report.
-
IFC elected chair of GBP/SBP excom
06 July 2020The International Finance Corporation (IFC) has been elected chair of the executive committee (excom) of the green, social and sustainability-linked bond principles
-
Transition finance guidelines to be published 'by end of year'
23 June 2020A working group convened by the International Capital Market Association (ICMA) exploring the theme of 'climate transition finance' expects to publish guidelines by the end of the year, but stopped short of saying when a formal set of principles might be launched.
-
Sustainability-linked Bond Principles mark new era for bond market
09 June 2020A set of Sustainability-linked Bond Principles (SLBP) was launched today, in a landmark move that is expected to kickstart a new market of labelled bond issuance that will "complement rather than act as an alternative" to the green bond market.
-
£30bn pension fund hails 'successful' year of ESG progress
05 June 2020Brunel Pension Partnership has lauded its progress on environmental, social and governance (ESG) issues in its inaugural responsible investment and stewardship outcomes report.