News

Nine banks in ECB's crosshairs for fines after failing to meet sustainability expectations

Nine "outlier" banks missed a deadline to satisfy minimum expectations on management of climate and other environmental risks and have been told they face potential fines from the European Central Bank (ECB).

Bank of England warns on 'carbon shocks'

The UK's carbon pricing scheme helped drive a rise and fall in inflation in recent years, a senior figure at the Bank of England said, as it warned that climate risks have yet to be fully priced-in to markets.

People Moves, 11 July: Clifford Capital, Japan FSA, BNY, Revaia_ ... and more

EFRAG plans increased cull of ESRS datapoints in 'drastic decision'

EU advisers have revealed plans to cut datapoints in the Corporate Sustainability Reporting Directive by about 66%, in a move it said involved a "drastic decision" to cull all 277 datapoints organisations are currently given the option to report.

Voluntary carbon markets 'can't sustain' fragmentation, says Climate Impact Partners

Further consolidation is needed in the voluntary carbon markets, according to Climate Impact Partners, as it urged governments to better incentivise action.

'Relief' as renewables stage comeback after Trump bill

There was a sense of "relief" that US President Donald Trump's 'One Big Beautiful Bill' was not as damaging as expected for clean energy solutions companies, a major asset manager said, adding that it expects share prices to continue to rebound after a turbulent period.

ESG Data Guide 2025 launched

The free-to-use guide is an easily searchable portal that helps investors and other market players navigate the ever-expanding market of data products.

Jupiter acquires faith-based CCLA for £100m

Jupiter Fund Management has said it plans to acquire "ethical pioneer" CCLA Investment Management for £100 million ($136 million), helping to build its presence among charities and non-profits.

Zurich and Amundi launch retail global green bond fund

Zurich Insurance Group and Amundi have launched a global green bond fund for Zurich's life insurance customers.

Demand for long-term carbon deals growing, says Climate Impact Partners

Climate Impact Partners has revealed to Environmental Finance that it is experiencing increased demand for longer-term offtake agreements, amid moves away from 'whack-a-mole' deals.