Archive

People Moves, 6 March: DG FISMA, ResponsAbility, Carbon4 Finance

VW doesn't qualify for new DAX 50 ESG Index

A sustainability-focused version of the DAX index - a key benchmark for German stocks - has been launched, but automobile maker VW failed to make the cut.

Eurex launches ESG futures contract for US equities

European derivatives exchange Eurex has launched the Eurex STOXX USA 500 ESG-X Futures contract, the first exchange-listed derivative covering the US market that excludes thermal coal extraction and coal-fired power plants.

Unicredit and Deutsche Bank in €1bn sustainability-linked loan

Lenders UniCredit and Deutsche Bank helped close a €1 billion ($1.1 billion) syndicated, environmental, social and governance (ESG)-linked revolving credit facility for German specialist chemicals firm Lanxess.

Candriam: Investors need policy support to drive transition

Candriam's Wim Van Hyfte says the president of the Bundesbank is wrong to suggest that not all areas of sustainable finance are a central bank's domain. He tells Michael Hurley why

Private banks double the number of sustainable funds offered

Private banks have doubled the number of sustainability-themed funds they offer, compared with a year ago, but they are still "far behind" when it comes to integrating sustainability into their business, a report argues.

Bonds round-up: KfW, DKB, Orsted, RBS ... and more

Bundesbank chief rejects risk weighting adjustment for green assets

Climate risks impact on the core tasks of central banks but “it would be wrong to want to use banking regulations to set climate policy incentives, for example by granting risk weighting ‘discounts’ for ‘green’ assets,” said Bundesbank president Jens Weidmann.

NGFS publishes portfolio management guide for central banks

The Network for Greening the Financial System (NGFS) has published a portfolio management guide for central banks.

European insurers spell out ESG investing moves in detail

Europe’s insurers have used regulatory filings to provide detail about how they are transforming their investment processes to encompass environmental, social and governance (ESG) precepts.