Private sector lagging on climate disclosure, report claims
Private sector asset owners tend to be less prepared than their public sector counterparts to make voluntary public statements and disclosures related to climate change, a report has claimed.
One-third of PRI signatories submit TCFD-themed reporting
About one third (30%) of Principles for Responsible Investment (PRI) signatories have voluntarily reported according to a Task Force on Climate-related Financial Disclosures (TCFD)-style framework.
Investors offered tool to model low-carbon transition risk
A modelling tool to help investors and regulators assess how the transition to a low-carbon economy will impact the financial performance of infrastructure investments, has been launched by the ClimateWise Insurance Advisory Council.
Impax closes NEF III private equity fund with €357m
Impax Asset Management has announced the final close of its NEF III fund, which will make private equity investments in renewable energy infrastructure, having raised €357 million ($422 million).
M&G launches private debt impact fund
UK asset manager M&G Investments has launched a fund focusing on private and illiquid debt that will deliver a positive social or environmental impact.
Banking on a changing climate?
Climate change poses a significant threat to banks. How big is their exposure to climate risks, and what are they doing to mitigate them, asks Peter Cripps
Companies sluggish to act on TCFD, report finds
Just one in 10 companies provide incentives for board members to manage climate-related risks and opportunities, representing a failure to act on the recommendations of the FSB's Task Force on Climate-related Financial Disclosures (TCFD), a report has found.
$3trn of investors launch pilot group on TCFD
Nine investors representing around $3 trillion of assets have joined forces to promote climate transparency.
EU-wide sustainability taxonomy is matter of urgency, says Commission
The European Commission said it will develop an overarching EU taxonomy for sustainability as a matter of urgency, as it aims to seize the mantle of global leader in green finance.
Russell Investments unveils methodology for 'material ESG' scoring
Russell Investments has developed an environmental, social and governance (ESG) scoring system focused on materiality, which claims it is a better predictor of stock return than "traditional" ESG scores.