News

Germany gives €5.5m for nature co-financing

Germany has provided the Asian Development Bank's Nature Solutions Finance Hub with €5.5 million ($6.5 million) to be used for co-financing across the Asia pacific region.

Exclusive: How NatureAlpha is looking to curb Claude

NatureAlpha has announced plans to put guardrails on how Anthropic's Claude uses its data.

Iran-linked energy crisis shows 'shielding' effect of renewables, ECB says

The energy crisis sparked by the US war with Iran shows how renewable energy can "shield European consumers from fossil fuel price shocks" and tame inflation, the chief economist of the European Central Bank (ECB) said.

Eurosif laments absence of DNSH criteria in latest SFDR draft text

Kate McGrath named head of ESG fixed income at Aberdeen

Kate McGrath has been named as head of ESG, fixed income at Aberdeen, taking over from Marianne Zangerl.

EBA to drop green asset ratio reporting for banks in Pillar 3 rules update

The European Banking Authority (EBA) is preparing to publish its final standards for ESG disclosures under EU Pillar 3 rules, which are not expected to demand banks restart reporting of the Green Asset Ratio (GAR) of their financing.

CA100+ removes climate disclosures indicator from benchmark survey

Climate Action 100+ has scrapped an indicator assessing companies' climate-related disclosures from its "cornerstone" Net Zero Company Benchmark, as part of changes to "a limited number of indicators in response to stakeholder feedback".

EU's simplified Deforestation Regulation could have 'catastrophic consequences'

The European Commission has published further details on the simplification of its anti-deforestation regulation, EUDR, but investors and stakeholders have criticised plans to remove leather from its scope.

Goldman Sachs: More clients asking us for water exposure

Goldman Sachs Asset Management says it is receiving more requests from existing and prospective clients for effective ways to add water exposure to their portfolios each year as awareness of the issues facing the sector grows.

BlackRock remains 'misaligned' with NYC pension climate expectations, fund says

BlackRock still fails to satisfy 'net zero' expectations set by a group of New York City pension funds, months after the city's chief financial officer recommended replacing the asset manager on a major US equities mandate, the funds said.