News

Tokyo Metropolitan Government plots €300m resilience bond

The Tokyo Metropolitan Government plans to launch a €300 million ($344 million) 'resilience bond' this autumn, aimed at tackling storm and flood risk, Environmental Finance has learned.

GPIF vows to improve tracking of asset managers' stewardship activities

Japan's Government Pension Investment Fund (GPIF) has signalled it will step up supervision of its asset managers including by establishing a database to track their stewardship activities and outcomes.

GSAM: 'Compelling' EM sustainable bond opportunity, but 'strong engagement' needed

Goldman Sachs Asset Management (GSAM) said emerging market (EM) sustainable bonds offer a "compelling" investment opportunity for fixed income investors, but a nuanced approach with a "strong engagement effort" will be required to deliver investment and impact promise.

Bregal Sphere backs Peruvian reforestation project

Bregal Sphere, the impact investing arm of private equity firm Bregal Investments, has invested an undisclosed sum in Latin American agroforestry and reforestation initiative Jubilación Segura.

Switzerland, Norway announce carbon removals-focussed ITMO programme

Switzerland and Norway have signed an emissions trading agreement under Article 6.2 of the Paris Agreement, with pilot projects launched with support from UBS and SwissRe.

NatWest Cushon picks Aviva Investors for first natural capital investment

NatWest's UK workplace pensions arm, NatWest Cushon, has chosen Aviva Investors' Carbon Removal Fund for its first natural capital allocation.

Sustainable finance rules 'fully consistent with' €800bn defence push, EU says

The EU's sustainable finance rulebook "is fully consistent with" a push to invest €800 billion ($920 billion) in defence, the European Commission said as it suggested it was ready to change sustainable investment disclosure rules to support its objectives.

Carrefour raises €650m from first SLB under new framework

French supermarket chain Carrefour has raised €650 million ($750 million) from the first sustainability-linked bond (SLB) it has issued under its updated and expanded framework.

Goldman Sachs launches $29m emerging market sustainable bond fund

Goldman Sachs Asset Management (GSAM) has launched an actively managed emerging market (EM)-focused green and social bond exchange-traded fund (ETF).

Sustainable debt round-up: IDA, Covivio, Togo ... and more