State Street and JP Morgan leave CA100+
The world's biggest climate engagement initiative suffered a blow after two of its biggest signatories walked away.
French regulator highlights lack of consistency and granularity in insurers' climate disclosures
French life insurers' climate disclosures relating to their investment strategies are heterogeneous, incomplete and lack granularity, according to the French prudential regulator, Autorité de Contrôle Prudentiel et de Résolution (ACPR).
'Absurdly cheap' renewables firms present buying opportunity, says GMO
Clean energy firms are "ridiculously cheap", following a sell-off in recent months, according to GMO.
Dedicated transition funds 'needed to drive change'
Dedicated "transition" strategies can help "preserve clarity" in the sustainable investment sector and drive real change in the economy, said Altius Asset Management (Altius AM),...
Bank of Japan warns of climate risk 'spillover' across industries from rise in carbon prices
Climate transition risks spurred by rising carbon prices could have damaging and widespread "spillover" effects across the Japanese economy - including to regional banks not substantially exposed to the worst-hit sectors, the Japanese central bank has warned.
EU building energy performance deal is 'game-changer' for renovation green bonds
The draft final agreement on the EU Energy Performance of Buildings Directive (EPBD) could trigger a "renovation wave" among European bank green bonds, according to Dutch lender ABN Amro.
UK to study how it can be 'best place in the world' for transition finance
An independent review has been launched by the UK government to study how it can "become the best place in the world for raising transition capital" with a mandate that identifies assurance of financial transactions among ways the market can grow "with integrity".
Banks' disproportionate lending to high-emitting sectors poses stability risks, ECB warns
Eurozone banks lend "disproportionately" to high-emitting sectors and thereby risk financial instability, the European Central Bank (ECB) has warned, as it called for a tougher strategy to tackle such risks that could include increased capital requirements.
Call for EU to create 'taxonomy-aligning' benchmarks
The EU Platform on Sustainable Finance has proposed 'taxonomy-aligning' benchmarks that would select constituents based on the percentage of their investments in activities aligned with the EU's taxonomy.
Eurazeo maritime climate upgrade fund targets $300m fundraise in 2024
Eurazeo is planning to raise at least $300 million from its private debt, climate-themed upgrade fund for the maritime sector, which is expected to launch later in 2024.