News

China readies landmark RMB6bn sovereign green bond debut

China is preparing to raise up to RMB6 billion ($830 million) from its debut sovereign green bond in the "near future," according to the government.

FoSDA appoints former CFA UK CEO as first exec director

The Future of Sustainable Data Alliance (FoSDA) has appointed former CFA UK chief executive Will Goodhart as its first executive director.

PGIM launches thematic equities fund

PGIM Investments has launched a thematic equity portfolio aligned with the UN's Sustainable Development Goals (SDGs), to be managed by Jennison Associates.

SBTi proposed standard update does not allow carbon credits for Scope 3

A proposed update to the Science Based Targets initiative (SBTi) standard allows only limited use of carbon credits - despite a previous suggestion it might take a more accommodative stance towards them for Scope 3 emissions.

Bank of England urged to step up on nature

The Bank of England has been urged to step up their coverage of nature-related risks, in a report that warns it is "not acting sufficiently" on the issue.

Double the insurers have impact focus compared to 2023, Nuveen finds

The number of insurers with a dedicated impact focus has doubled in the past two years, according to a Nuveen survey of institutional investors.

Sustainable debt round-up: Fluvius, Ayvens ... and more

Sustainable bond market sails past $6trn milestone - but headwinds remain

Cumulative issuance of sustainable bonds has now crossed $6 trillion as the green bond market continues to set the pace, but the journey towards $7 trillion faces headwinds.

Omnibus bolsters case for requiring double materiality in EU ESG ratings, investor says

The case for changing the EU ESG ratings regulation to require ratings to use a 'double materiality' assessment was strengthened by proposed cuts to corporate sustainability reporting rules, according to Algebris Investments.

French asset owners launch search for private markets biodiversity fund manager

A group of French asset owners has launched a process to select the manager of a €150 million ($160 million) private markets biodiversity fund.