News

Ex-NZAM members 'will face higher bar to prove engagement outcomes'

Asset managers will have to work harder to prove to asset owners their commitment to substantive engagement on issues including climate, following their departures from net zero initiatives, according to a UK pension fund.

$490bn a year needed for most climate vulnerable nations, claims report

The most climate-vulnerable countries require $490 billion of funding a year by 2030 to prepare for climate mitigation and adaptation, and loss and damage, a report has claimed.

UK Stewardship Code too open-ended to be useful, pension fund says

Changes to the UK's "gold-standard" Stewardship Code are set to make it too "open-ended" for Nest to ascertain whether fund managers are meeting the pension fund's expectations, it argued.

Landmark Austrian Swiss franc green bond issued as 2025 programme kicks-off

Austria has raised CHF350 million ($387 million) from a ground-breaking Swiss franc-denominated green bond.

Sustainable debt round-up: BNG Bank, Carrefour, Investa ... and more

EthiFinance launches 'solicited sustainability ratings'

ESG rating agency EthiFinance has launched 'solicited sustainability ratings', which give companies and in-depth evaluation of sustainability performance based on an assessment methodology ...

Ile-de-France Mobilites issues 'historic' public sector 'European Green Bond'

French government-owned Île-de-France Mobilités has become the first public sector body issuer to adopt the EU Green Bond Standard (EU GBS).

TNFD plans slammed as 'conceptually flawed' by American Bankers Association

The Taskforce on Nature-related Financial Disclosure's draft guidance on nature transition plans has been criticised by the American Bankers Association (ABA) as interference and based on a "conceptually flawed" premise.

'Don't wait for next disaster' before tackling climate risk, BaFin tells banks, insurers

The president of Germany's financial supervisor has told banks and insurers they need to collect better data and improve forward-looking analysis, as he warned them not to "wait for the next disaster" before addressing physical climate risks.

EXCLUSIVE: Nature data survey launched for forestry investors

A survey to assess how much nature-related data forestry investors and companies have has been launched by the International Sustainable Forestry Coalition (ISFC) to help streamline nature investing.