News

• Fossil fuels to be excluded under 'ambitious' French sustainable fund label overhaul

  07 November 2023

  Companies generating energy using coal or developing new oil or gas projects are to be excluded from France's sustainability fund label in updates designed to make the Label ISR "more ambitious".

• NGFS adds 'too little, too late' climate scenario, drops 1.5°C model

  07 November 2023

  The Central Banks and Supervisors Network for Greening the Financial System (NGFS) has updated its climate scenarios, adding one in which warming hits 2.3°C due to countries with net zero targets not taking sufficient action and dropping a 1.5°C-aligned model.

• Nature 'to become a mainstream asset class', says Lombard Odier

  07 November 2023

  Agriculture - and nature more broadly - will become a mainstream asset class for investors, Lombard Odier's head of research has predicted, describing nature as "the most underpriced asset".

• Uruguay raises $700m from sustainability-linked bond tap

  07 November 2023

  Uruguay has raised $700 million from an oversubscribed tap of its sustainability-linked bond (SLB), a year after its ground-breaking debut transaction.

• MFA warns SEC against repeating SFDR 'pitfalls'

  07 November 2023

  The Managed Funds Association (MFA) has urged the US Securities and Exchange Commission (SEC) to update its proposed system for the categorisation of sustainability funds to avoid similar "pitfalls" to the EU's Sustainable Finance Disclosure Regulation (SFDR).

• Technology-based solutions 'could bring credibility to the carbon market'

  07 November 2023

  Technology-based solutions could help bring more credibility to the voluntary carbon market, and play a pivotal role in the Article 6 mechanism expected to be thrashed out at COP28, a project developer has said.

• Sustainability-linked bond coupon steps jump higher in 2023

  07 November 2023

  The most common maximum coupon step-ups associated with sustainability-linked bonds (SLB) have risen sharply in 2023 amid rising interest rates and greater market scrutiny of the materiality of the performance-based instrument.

• Dairy and meat emissions rising, says FAIRR

  07 November 2023

  Emissions from dairy and meat 'giants' have risen over the past year, with inaction on deforestation also persisting, research by investor initiative FAIRR has shown.

• Blueprint for 'loss and damage' fund drawn up ahead of COP28

  06 November 2023

  A preliminary design for the controversial 'loss and damage' fund has been sent to COP28 negotiators - but the proposal lacks the support of the US, casting doubt over whether it will be agreed at the summit next month.

• KKR announces $2.8bn close of second impact fund

  06 November 2023

  American private equity firm KKR has announced the close of its $2.8 billion Global Impact Fund II (GIF II).