News

  • IDB Invest makes record mobilisation of private capital for Chile power deal

    08 October 2024

    IDB Invest is to invest $2.4 billion in a bid to bring greater sustainability to the Chile's energy sector, in what it has described as the "largest mobilisation of private resources ever undertaken".

  • ICMA 'best practice' sustainable commercial paper guidance 'positive step' for market

    08 October 2024

    The International Capital Market Association (ICMA) has published an initial "best practice" report on the growing €300 billion ($330 billion) sustainable commercial paper (CP) market, with hopes that the additional guidance can help stimulate greater interest in the instruments.

  • ICE launches transition risk assessment product for 'underserved' asset classes

    08 October 2024

    ICE has launched a data product it says will provide transition risk assessments for "underserved segments" of fixed income including mortgage-backed securities and real estate, to support reporting of financed emissions and climate stress testing.

  • World Bank launches food security group

    08 October 2024

    The World Bank has launched a high-level thought leadership group to provide guidance and strategic advice on tackling food security.

  • International declaration to decarbonise shipping signed

    07 October 2024

    An international declaration to decarbonise shipping, including creating the financial instruments necessary to support this, has been signed at the Hamburg Sustainability Conference.

  • Enable biodiversity credits with blockchain, says Global Canopy

    07 October 2024

    Biodiversity credits should be created as a blockchain-enabled digital asset, rather than trying to retrofit, Global Canopy has said, despite challenges on linking to real world assets.

  • ECB could switch from sovereign to supranational bonds amid climate concerns, says Elderson

    07 October 2024

    A lack of a "clear and reliable framework" for comparing sovereign bonds with Paris goals should prompt the European Central Bank (ECB) to consider buying bonds from EU supranational issuers, says one board member.

  • UK social impact cashes-in £10bn, says Better Society Capital

    07 October 2024

    Pension funds are the largest capital contributor to the UK's impact investment market, research from Better Society Capital has found.

  • ESMA fund name guidelines risk EU green bond growth, warns EFAMA

    07 October 2024

    ESMA's new Fund Naming Guidelines could create inconsistencies with the EU Green Bond Standard that may hamper the growth of the corporate green bond market, says a leading asset manager trade body.

  • 'Fundamental rethinking' of the financial sector needed, says Barbados' Mottley

    07 October 2024

    A fundamental reset and rethinking of the financial system are needed to avoid climate disaster, the prime minister of Barbados has warned.