Archive

BlackRock backs creation of IFRS sustainability standards board

A proposal that would see the International Financial Reporting Standards (IFRS) Foundation establish a sustainability standards board and become a global sustainability standards-setter has received the backing of the world's largest asset manager.

Cascading risk: Learning to deal with the world's greatest threat

Scientists have identified cascading crises as the biggest threat to planetary health and future generations, says Hélène Galy

Industrial Bank issues second 'blue bond' in China

The Hong Kong branch of China Industrial Bank (IB) has issued a 'blue bond', which was nearly five times oversubscribed, just a few weeks after the maiden blue bond in the country was announced.

News Round-up: KKR, KGAL and plant-based meat

KKR in $1.4bn renewables deal with NextEra Energy

Barclays leads vertical farming impact funding round

Barclays has invested an undisclosed sum in a US-based vertical farming company as part of its £175 million ($230 million) Sustainable Impact Capital initiative.

Apollo to quit insuring Adani coal mine

Underwriter already turned down additional policy for Australian mine, Reuters reports

Digital infrastructure among the most impactful sectors - Actis

Digital infrastructure, including data centres and broadband networks, is one of the sectors with the greatest potential for positive social impact, according to Actis.

$42bn Australian pension fund settles climate court case

The AUD60 billion ($42 billion) Retail Employees Superannuation Trust (REST) pension fund has settled a court case brought against it by a member over its handling of climate change risk, which could spark further legal climate challenges at pension fund managers.

Hong Kong proposes mandatory climate disclosure for funds

Hong Kong's Securities and Futures Commission (SFC) has proposed that managers of collective investment schemes should be required to disclose how they manage climate risks.

News round-up: REST settles climate case, Solarcentury acquired, Equinor net-zero pledge ... and more