Archive

Phoenix invests $85m in World Bank project to boost affordable housing

Life insurance and pensions firm Phoenix Group has invested $85 million in a Multilateral Investment Guarantee Agency (MIGA)-guaranteed loan, which will be used to improve access to affordable housing in Panama.

Sound climate risk management needs sound measurement, says Macklem

Bank of Canada governor Tiff Macklem said that robust measurement of climate risk in the economy is required to manage the "accelerating" risk posed by climate change and the transition to a low-carbon economy, with global initiatives starting to "bear fruit".

People Moves 9 October; AllianzGI; Context Labs; ECB; Investcorp; KPMG; Mirabaud; Bedford Row Capital; Palatine

HSBC faces criticism after Paris-aligned finance pledge

Banking giant HSBC has become the latest bank to commit to align its financed emissions - the carbon emissions of its portfolio of customers - to the Paris Agreement goal to achieve net zero by 2050 or sooner.

Hydrogen's explosive potential to green the economy

'Green' hydrogen promises many benefits to help decarbonise our economies, but it may need EU carbon prices to be five times higher by 2030. Ahren Lester reports.

ESG news round-up: Calvert joins Morgan Stanley; CofE drops ExxonMobil; HSBC in net-zero pledge

APG invests $50m in 'racial equality' bond

Netherlands-based pensions asset manager APG has invested $50 million in Bank of America's $2 billion 'Equality Progress Sustainability Bond' that was issued last month.

Green and sustainability-linked loan round-up: Colombina and Eureden

Confectionery and food maker signs first sustainable loan in Colombia

UK "could spur more sovereign 'green+' bonds" in runup to COP

The UK government has been urged to issue a 'green+ bond' that could be imitated by other sovereigns looking to raise the ambition of their climate goals in the run-up to COP26.

GPIF predicts equity boost and bond pain from more stringent climate policies

The largest pension fund in the world has estimated its equity portfolio could experience an accelerating valuation boost if more stringent climate policy restrictions are introduced to reach global targets, whereas its corporate bond portfolio could suffer deeper losses as policy tightens.