Archive

$5trn of investors set 'unprecedented' 1.5°C emissions target

Some of the world's largest investors, with a combined $5 trillion in assets, have pledged to implement deep greenhouse gas (GHG) emissions reductions in their portfolios over the next five years, putting them on course to help limit global warming to 1.5°C.

EU carbon market update: 13 October 2020

EU Allowances lost ground last week and the momentum is with the bears, says Tom Lord

Green supporting factors "an important debate" in Solvency II review

Lower capital charges for sustainable assets is going to be "an important debate, at least from a political perspective", in the Solvency II review, according to Didier Millerot, head of the European Commission's insurance and pensions unit

Trase Finance launches to combat deforestation finance risks

An open-source data platform that shines a light on the deforestation risk facing more than 12,000 financial institutions exposed to companies trading Brazilian beef, Brazilian soy and Indonesian palm oil has been launched.

ESG news round-up: BMO secures engagement mandate, NextEnergy makes maiden Portuguese investment, IETA urges UK ETS and more

Carney: 'Urgent' steps needed for net zero transition

Financial leaders such as former bank of England governor Mark Carney and former chair at the US Federal Reserve Janet Yellen have called for 'urgent and practical' steps to shape incentives, reduce uncertainty, and accelerate the transition to a net-zero emissions economy.

Boston Common: Differing methodologies for bank sustainable financing 'unnecessary competition'

Boston Common Asset Management (BCAM) has criticised the increasing number of methodologies used to assess how a bank's sustainable financing commitments impact its portfolio, as a distraction from core climate goals.

Climate risk vulnerability significantly hikes emerging economy borrowing costs

Emerging economies that are highly vulnerable to climate risk have been hit with "significant rises" to their cost of borrowing, according to a report, more than doubling the sovereign bond yield premium compared with lower risk peers.

'The time is right to invest in natural capital'

How does HSBC Pollination Climate Asset Management aim to attract large-scale investment in natural capital, Michael Hurley asks

Re/insurers facing sixth consecutive year of major US wildfire losses

The US has endured its worst wildfire season, in terms of area burned, since the statistics began being tracked, and will result in multi-billion dollar insurance payouts, according to Aon.