News

IFC looks to invest $25m in AXA IM natural capital fund

The International Finance Corporation (IFC) could invest up to $25 million in AXA Investment Managers' nature-based solutions carbon fund.

Tracy Wong Harris departs as Standard Chartered Asia sustainable finance head

Standard Chartered Asia sustainable finance head Tracy Wong Harris has left the emerging markets-focused bank after almost five years.

Danish insurers' taxonomy alignment drops below 2%, regulator says

There was a big drop in non-life insurers reporting alignment with sustainable activities in the EU's taxonomy last year after the European Commission clarified how they should make calculations, analysis by Denmark's Financial Services Agency (FSA) found.

PFZW drops BlackRock amid equity index clearout

Dutch pension scheme PFZW dropped BlackRock, Legal & General Investment Management and AQR from its line-up of external asset managers following a review of its equities portfolio.

'Comply or explain' transition plan rules could hinder policy objectives, UK told

UK government concerns at increasing the "regulatory burden" on companies could lead it to adopt comply-or-explain transition plan rules rather than a mandatory regime - threatening its own objectives to catalyse green growth, according to a commentator.

Côte d'Ivoire signs 'first' sovereign sustainability-linked loan

Côte d'Ivoire has secured a €433 million ($505 million) "first-of-its-kind" sovereign sustainability-linked loan (SLL) from Standard Chartered, which was backed by guarantees from the World Bank.

India confirms nature reporting aligns with TNFD

Indian trade bodies have confirmed that the country's domestic sustainability reports align with the voluntary metrics of the Taskforce on Nature-related Financial Disclosures' (TNFD).

Denmark launches groundbreaking sovereign 'European Green Bond'

Denmark is planning to issue a pioneering debut 'European Green Bond' (EuGB) by the end of 2025 after the country published the first ever sovereign EU Green Bond Standard (EU GBS)-aligned factsheet.

Sustainable debt round-up: KfW, E.ON, EDP ... and more

CFTC gives approval to first renewables trading platform

A clean energy trading platform has become the first to receive approval from the US Commodity Futures Trading Commission (CFTC), and harbours ambitions to become "the ICE of renewables".