News

• Heathrow markets first 'in the air' emissions airport SLB

  05 July 2023

  Heathrow Airport is marketing the first airport sustainability-linked bond to include a target tied to Scope 3 emissions generated by flights.

• World Bank: nature policy reform needed to scale private finance

  05 July 2023

  Boosting investment in natural capital requires global policy reform to signal the scarcity of natural resources, the World Bank said.

• MAS to scale-up climate transition programme

  05 July 2023

  The Monetary Authority of Singapore (MAS) is to scale-up its climate transition programme, including by aligning its equity portfolio further with climate indices.

• ESG Data Guide 2023 launched

  05 July 2023

  Environmental Finance has launched its latest annual ESG Data Guide, shining a light on the rapid evolution of the ESG data market.

  

• Banks urge EU to relax planned supply chain due diligence rules

  05 July 2023

  A prominent group of European financial institutions has called for proposed rules on due diligence in supply chains to be watered down, in part to allay fears they could lead to lawsuits against banks and investors.

• Kraft Heinz bows to Green Century deforestation resolution

  04 July 2023

  Kraft Heinz has committed to eliminating deforestation from its supply chains following a shareholder resolution from Green Century.

• Church of England Pensions Board leaves NZAOA

  04 July 2023

  The Church of England Pensions Board has left the UN-convened Net-Zero Asset Owner Alliance (NZAOA), citing the need to maintain "a clear focus on one net zero initiative".

• Actuaries crunch the numbers on climate scenarios - and warn many are 'implausible'

  04 July 2023

  A membership body for actuaries has warned financial institutions against relying unquestioningly on climate-related scenarios, with results from some models "far too benign and, in some cases, implausible".

• Axa: €1bn invested in one of our portfolios degrades biodiversity in area ¾ the size of Paris

  04 July 2023

  Investing €1 billion in one of Axa Group's portfolios had an impact on biodiversity equivalent to degrading a pristine area "three quarters the area of Paris", the insurer said, based on a modelling exercise.

  

• Banks 'concerned' at EU corporate reporting standard draft

  04 July 2023

  Several European banks are concerned at the recent publication by the European Commission of draft standards for corporate reporting, which they fear will make meeting their own disclosure obligations tougher.