News

Impax's Keefe signs off, with attack on critics of ESG

Joseph Keefe, the outgoing President of Impax North America, has used the final days in his role to launch an attack of the critics of ESG, who describe it as "woke".

World Bank issues $100m plastic waste reduction-linked bond

The World Bank has raised $100 million from a ground-breaking outcomes-based bond that links its coupon payments to verified plastic and carbon credits generated by projects in Ghana and Indonesia.

UBS: Nature-based solutions suffer a lack of confidence

Nature-based solutions suffer a lack of confidence that they can deliver "real climate mitigation", warned UBS, which called for a "critical reassessment" of the science, rules and norms that govern them.

EU taxonomy reporting metric is too simplistic, banking group says

The disclosure of a 'green asset ratio' required by the EU taxonomy regulation is too simplistic to be relied on as a comparison of banks' climate transition efforts, according to the European Banking Federation (EBF).

Loan round-up: Royal Golden Eagle, Keppel, Skanska and ... more

EU wants to boost green loan market, senior commissioner says

The EU wants to boost the market for green loans and is "looking very closely" at recommendations to develop a voluntary label, the European Commission's finance lead has said.

Fannie Mae, Freddie Mac prepare for single-family social bond debut in June

Fannie Mae and Freddie Mac are expecting to issue their debut single-family social bonds from June, after the US government-owned mortgage providers published frameworks including an updated 'mission index' for eligibility.

Investors urged to adopt 'planetary boundaries' concept in nature investments

Investors have been urged by Amundi to adopt the 'planetary boundaries' concept to help scale up capital towards nature and biodiversity.

Consultants chosen to develop avoided emissions standard

A group of asset managers has selected two consultants to develop a database that will 'standardise and give transparency' to the calculation of avoided greenhouse gas emissions.

'Underfunded' hydrogen bank a gap in EU's riposte to US IRA, investor says

The EU's Hydrogen Bank is "underfunded", creating a major gap in the bloc's efforts to respond to the US Inflation Reduction Act (IRA) and spur investment in renewables, according to one of the world's largest specialist investors in wind and solar energy.