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Net Zero Asset Managers initiative observes rise of 'bespoke targets', as membership swells
26 July 2024The Net Zero Asset Managers (NZAM) initiative has noted a rise in signatories setting decarbonisation targets using their own 'bespoke' methodologies, as the group swelled to 325 signatories representing about $57.5 trillion in assets under management.
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Majority of companies not yet ready to follow CSRD or TNFD, says data provider
26 July 2024Less than one-in-five companies are prepared to report under the EU's Corporate Sustainability Reporting Directive or the Taskforce on Nature-Related Financial Disclosures (TNFD), NatureMetrics has found.
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Ditch SFDR definition of sustainable investments, replace Articles 8 & 9, ESMA suggests
25 July 2024The EU should ditch the 'sustainable investment' definition in its Sustainable Finance Disclosure Regulation (SFDR) and introduce a two-tier categorisation system that would effectively replace the current SFDR Articles 8 and 9, an EU regulator recommends.
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India plans climate finance taxonomy
24 July 2024India's Ministry of Finance has announced funding to create a taxonomy to attract climate finance, spanning adaptation and mitigation activities.
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'Not credible' to run transition funds from third-party data, says MetLife IM
24 July 2024It is "not credible" for investment managers to run a transition investment strategy using third-party data vendors rather than using in-house research, according to MetLife Investment Management (MetLife IM).
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UK Stewardship Code changes 'may be' concession to US signatories' fear of antitrust laws
24 July 2024Changes to the UK Stewardship Code to remove a requirement to report annually on collaborative engagement and escalation may have been designed to assuage fears particularly among US managers at violating antitrust laws, it has been suggested.
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SLLP consider formalising 'sleeping SLL' guardrails
23 July 2024The Sustainability-Linked Loan Principles (SLLP) are preparing to formalise treatment of so-called 'sleeping SLLs' in its upcoming revision, including formalising "guardrails" to ensure these contested but "useful tools" are credible.
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'Probably the most beautiful bond we have ever seen'
23 July 2024The Anthropocene Fixed Income Institute (AFII) has argued that sovereign issuers should develop a sustainability-linked bond (SLB) in twin-bond format, arguing this would "probably be the most beautiful bond we have ever seen".
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EU banks have already reduced climate risk in response to supervision, say ECB researchers
23 July 2024The European Central Bank (ECB)'s climate-related supervision has already led to an improvement in banks' risk exposure and management, and increased capital allocation towards green finance, according to researchers at the central bank.
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NatWest: Investors 'increasingly' asking for blue and nature bond deals
22 July 2024Investors are increasingly asking NatWest to specifically bring nature-focused and 'blue' bond deals to market, but despite being "meaningful" themes in the sustainable bond market they are still not effectively being pointed out.