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Hong Kong 'green certification' expands to funds
25 September 2019Hong Kong Quality Assurance Agency (HKQAA) has expanded its green certification scheme to cover green funds.
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First US state financial regulator joins NGFS
25 September 2019The New York State Department of Financial Services (NYSDFS) has become the first US state financial regulator to join the Network of Central Banks and Supervisors for Greening the Financial System (NGFS).
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IHS Markit launches 'first global carbon index'
25 September 2019The average price of carbon credits has more than doubled since the start of 2018 to $23.65, according to an index that claims to be the first benchmark for the global price of carbon credits.
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Pension funds and insurers commit to carbon-neutral investments by 2050
25 September 2019The newly launched alliance is responsible for $2.4trn in investments
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Generali becomes first EU insurer to issue a green bond
24 September 2019Italy’s Generali has become the first EU insurer to issue a “green bond”.
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Carney: EU taxonomy is binary - we need 50 shades of green
24 September 2019The EU's taxonomy on sustainable activities is "a good start", but a "richer" taxonomy that does not take a binary approach is needed, said Bank of England governor Mark Carney.
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Countries pledge a further $1.4bn to GCF
24 September 2019This week’s UN Climate Action Summit has seen a host of countries, including Sweden and South Korea, make commitments to the replenishment of the Green Climate Fund (GCF), totalling $1.4 billion.
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Natixis applies green weighting mechanism for CIB
24 September 2019Natixis has begun to apply a 'green weighting factor' (GWF) to its Corporate and Investment Banking (CIB) arm to weight its investments based on their climate impact.
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Sustainability bond labels can be a case of 'splitting hairs'
23 September 2019The transition bond label is unnecessary and can amount to 'splitting hairs' over the perceived sustainability of some sections of the market, according to a leading green bond second opinion provider.
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Spurring sustainable investments with capital charges
23 September 2019As sustainability makes its way into regulation, the question of capital charges punishing 'brown' investments or incentivising 'green' investments has come to the fore. While regulators are asking for risk-based evidence, stakeholders are not all in agreement on how to proceed. Vincent Huck reports