Archive

Invest in data and adaptation to fight extreme weather impacts, NGFS says

Investments in climate adaptation and resilience measures and improvements in data relating to extreme weather events are among actions recommended by a group of central banks and supervisors to combat the worst climate impacts.

DNB's Sleijpen appointed chair of NGFS

Olaf Sleijpen has been appointed chair of the Network for Greening the Financial System (NGFS), to succeed the current chair Sabine Mauderer from July.

BlackRock remains 'misaligned' with NYC pension climate expectations, fund says

BlackRock still fails to satisfy 'net zero' expectations set by a group of New York City pension funds, months after the city's chief financial officer recommended replacing the asset manager on a major US equities mandate, the funds said.

BNPP AM Alts, Shell and BII back $53m farmer-focused carbon finance vehicle

A vehicle to reduce methane in smallholder farms has been launched with $53 million in backing from BNP Paribas Asset Management Alts, British International Investment and Shell Foundation.

New York pension fund to renew push for banks to report energy financing

Some of the world's largest banks face renewed pressure to improve disclosure of the ratio of finance they provide to fossil fuels versus low-carbon alternatives, as a large US pension fund prepares shareholder proposals.

Is nature a blind spot for central banks?

Momentum on addressing nature is growing amongst supervisors, but the topic lags far behind climate. Genevieve Redgrave reports

NGFS finds highly divergent inflation impacts in short-term models

Passage of US anti-ESG bill 'could be enormously negative' for industry

A bill to limit the ability of US retirement funds to consider sustainability factors in investment decisions "could have an enormously negative impact on pension beneficiaries, investors, and the nation's economy," an expert warned.

NGFS backs extending 'greening' to central bank-issued debt & reserves

Central banks should consider extending work to 'green' their own assets to cover 'liabilities', including short-term debt and monetary reserves, according to a group of central banks and supervisors.

Ecosystem Investment Partners raises over $400m for fifth fund