News

Sustainability-linked loan decline accelerates in 2024

Borrowing through sustainability-linked loans (SLLs) has continued to fall sharply in the first four months of 2024, accelerating the decline for the performance-based instrument experienced in 2023

AI can help combat ESG backlash, says deVere's Green

AI could play a key role in combatting the ESG backlash witnessed in some parts of the US through more rigorous and nuanced analysis, says Nigel Green, CEO of international financial advisory group deVere Group.

Danish regulator orders investment managers to address sustainability 'deficiencies'

Denmark's Financial Supervisory Authority (FSA) has ordered two investment managers to address what the regulator called "deficiencies" in how they accounted for sustainability risks in their processes.

People Moves, 3 May: ING, JP Morgan Asset Management, Aviva, Impax, NEST ... and more

Proxy voting season a key opportunity to "accelerate impact", say investors

The proxy voting season is a "key opportunity" for investors to take action on biodiversity, members of the Finance for Biodiversity initiative have said, as it announces it will develop guidance for voting on biodiversity.

Moody's maintains 2024 sustainable bond forecast despite strong start

Moody's has retained its $950 billion sustainable bond issuance forecast for 2024 despite a strong start to the year amid expectations that challenging fixed income conditions will continue to be headwind for the market to reach a new record.

Much-criticised Green Asset Ratio 'not a complete failure', asset manager says

The much-criticised Green Asset Ratio (GAR) reporting indicator for banks has already helped significantly increase transparency surrounding their financing of sustainable activities, and "is not a complete failure," according to La Française Asset Management.

Disappointing progress in tackling plastic despite solutions, says Iceberg Data Lab

Tackling plastics is an "achievable transformation" for the economy, but given solutions are readily available, the limited progress made so far has been "disappointing", Iceberg Data Lab has said.

HSBC faces shareholder call for green finance transparency

A group of HSBC shareholders - including Royal London Asset Management, La Francaise Asset Management and Axiom Alternative Investments - has called on the bank to explain how it will meet its target to extend $1 trillion for sustainable finance.

Loan round-up: AdaniConneX, Kordsa, REC Limited ... and more