News

New York prepares second $700m social bond

The City of New York is planning in October to raise $700 million from its second social bond, which will be used to build 4,500 affordable homes in the city.

'Food waste transition' key to reversing biodiversity loss, says Iceberg Data Lab

The 'food waste transition' is to biodiversity what the energy transition is to climate, according to Iceberg Data Lab, which called for the topic to be integrated into decision making by financial institutions

No need to scrap SFDR Articles 8 and 9, PwC says

The EU could make "tweaks" to its Sustainable Finance Disclosure Regulation (SFDR), rather than wholesale changes that could lead to the Article 8 and 9 categories being scrapped, according to an executive at PwC Luxembourg.

SocGen launches €1bn transition fund, stricter fossil-fuel targets

French bank Société Générale is targeting reducing its oil and gas exposure by four-fifths by 2030 as well as launch a €1 billion ($1.1 billion) transition fund.

Californian governor to sign landmark climate disclosure bills into law

The Californian state governor has confirmed he plans to sign landmark climate disclosure rules into law after they secured final approval from state assembly members last week.

Extend SFDR reporting to all financial products, says Mirova

Even financial products not targeting sustainability objectives should be required to provide information under the Sustainable Finance Disclosure Regulation (SFDR), Mirova has argued.

KKR sells GreenCollar stake to Ontario Teachers'

NBIM don't count carbon credits as part of your interim emission reduction targets

Hydrogen 'hype' needs to be tempered, says Generation IM

A "fast and furious" rush of planned projects to create clean hydrogen energy means that "the world might end up having more hydrogen in 2030 than it could actually use", Generation Investment Management has warned.

People Moves, 15 September: Climate Asset Management, State Street, MSCI... and more