News

M&G Investments backs bio-pesticide business to tune of €75m

M&G Investments has put €75m into biological pest and disease control business Biobest via its Catalyst strategy.

People Moves, 5 January: European Investment Bank, EdenTree, Kartesia, WesterHayes

Union Investment and DekaBank leave German SIF

Union Investment and DekaBank have left the German Forum Nachhaltige Geldanlagen (FNG), with the former saying the national sustainable investment forum and its label had become less relevant in the face of regulation.

Nature poses credit risk to Asian sovereigns

Nature-related risks such as flooding or cyclones pose a major credit risk to south and southeast Asian sovereigns, Fitch Ratings has warned.

Loan round-up XYD Financial, Sanko Holding, Pattern Energy ... and more

Barclays: UK 'Sustainability Improvers' fund label risks being 'catch-all'

The 'Sustainability Improvers' label under the UK Financial Conduct Authority (FCA) voluntary fund labelling rules risks being a "catch-all" investment category, warned Barclays.

New climate finance target 'to be set at next COP'

This year's COP needs to set an enhanced target for climate finance, a pension fund has argued, as the amount mobilised eventually needs to move from the "billions to the trillions".

NZBA welcomes first Chinese member but suffers second bank exit

The Bank of East Asia (BEA) has become the first Chinese member of the Net Zero Banking Alliance (NZBA), but US lender Blue Ridge Bank also became only the second member to "withdraw from" the UN-convened industry group.

UK lawmakers push for tougher financial institutions deforestation requirements

The UK government has been urged by a cross-party political committee to introduce mandatory reporting on deforestation and require financial institutions to carry out due diligence on their contribution to deforestation.

Bond round-up: Austria, Chiba City ... and more