Investment

The Network of Central Banks and Supervisors for Greening the Financial System (NGFS) will publish its "stocktake" on transition plans this week, which one official said will demonstrate how "inconsistent" the global picture is.

Europe is more highly exposed to negative biodiversity impact than other regions including the US, with emerging markets also "slightly ahead" on developing 'positive' biodiversity solutions.

While global sustainable assets continued to rise, large outflows in many regions slowed the global pace of investment in the first quarter of 2023.

The China Green Finance Committee is preparing to publish its methodology for relabelling existing Chinese green bonds as being in alignment with the 'common ground taxonomy' (CGT) in a "couple of months' time".

Impact investors increasingly define the outcomes of their investments in terms of 'contribution' to positive impact, rather than seeking to define the difference they make using the divisive term 'additionality', a webinar heard.

By Ahren Lester at the ICMA AGM in Paris

Sumitomo Mitsui Asset Management will for the first time vote against boards that have failed to take action on ESG issues, following six years of engagement with company management.

From Genevieve Redgrave at the Net Zero Delivery Summit

Guidance for fund managers on how to invest in a 'just transition' to net zero has been published, with the aim of harnessing trillions of dollars to support social objectives linked to the transition.

More investors have been asked to join a ground-breaking collaborative fixed income investor engagement initiative for sovereign issuers coordinated by the UN Principles for Responsible Investment (PRI).

Oil giant Shell suffered another investor revolt over its climate plans at its AGM, but the rebellion failed to grow in size compared with the previous year.

Investors are "less credible" when engaging with policymakers on ESG, and should focus instead on improving economic freedom, Morgan Stanley Investment Management (MSIM) told Environmental Finance.

Luxembourg Stock Exchange (LuxSE) said there are "huge opportunities" for growth in gender-focused sustainable bond issuance, especially for corporate bonds, as markets increasingly look for instruments tied to "tangible and positive impacts".