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Financial institutions to be held to account on climate by ISO standard
14 December 2018A framework that is designed to assess the impact on climate change of financial institutions’ investments is to be launched next year.
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EU's Non-Financial Reporting Directive results in 'insufficient climate information'
30 November 2018The EU's Non-Financial Reporting Directive (NFRD) is not causing companies to adequately report key and material climate information needed by investors, a report argues.
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Fidelity launches sustainable water and waste fund
29 November 2018A fund to invest in sustainable water and waste management products has been launched by $411 billion investment manager Fidelity International.
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EDF signs €4bn ESG-indexed revolving credit facility
28 November 2018French electricity utility EDF has signed a green revolving credit facility (RCF) worth €4 billion ($4.5 billion), for which the payments will depend on sustainability-related performance indicators.
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Large food brands’ reporting failure raises their climate risk, says Ceres
28 November 2018The majority of the largest food and drinks brands in the US and Canada currently fail to report on emissions from their supply chain, raising their exposure to climate-related risk, Ceres has said.
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European Commission's TEG to issue first draft of taxonomy, and call for more experts
28 November 2018A first draft of the EU's taxonomy of climate mitigation activities will be unveiled next week, probably on Tuesday.
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UNEP FI calls for impact-focussed business models
27 November 2018New business models which target social, economic and environmental impacts from the outset can help finance sustainable development at lower cost and with less risk than traditional approaches, according to a UN report.
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Insurers call for integration of climate science with cat modelling
27 November 2018Catastrophe risk modelling could be improved by integrating the latest climate science and a variety of technologies into the modelling framework, according to the Geneva Association.
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Eurosif observes substantial growth in engagement on sustainability
26 November 2018Significant growth in investor engagement on sustainability-related issues has been tempered by growing concerns of greenwashing, a Eurosif survey has found.
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Grey areas risk overshadowing a green taxonomy, says insurer
26 November 2018Assets currently considered as green could be put at risk of becoming stranded if they were found to fall outside the bounds of a green taxonomy, according to Michèle Lacroix, head of group investment at French insurer Scor.