News

US banks facing NYC pension fund pressure on climate targets

Bank of America, JP Morgan Chase and Goldman Sachs are preparing to face a shareholder vote on a resolution asking them to set absolute greenhouse gas (GHG) emissions reductions targets, as a major investor criticised them for "lagging peers" in this area.

'Reasonable to expect' banks will meet ECB climate expectations, says Elderson

It is "reasonable to expect" Eurozone banks will, by 2024, close the gap between their currently inadequate disclosures on climate-related risks and the expectations of the European Central Bank (ECB), according to a senior central banker.

ECB and EIOPA call for EU wide natural disaster insurance scheme

The creation of a pan-EU public scheme for "less frequent, large-scale disasters" could complement existing insurance offerings and contribute to closing the climate insurance protection gap, two major European supervisors have said.

CBI climate resilience taxonomy expected in 'next few weeks'

The Climate Bonds Initiative (CBI) is expecting to publish the first framework paper for its climate resilience taxonomy in the next few weeks, according to its chief executive.

ECB warns banks are still failing on climate disclosures, and threatens action

Eurozone banks have been given a stern warning by the European Central Bank (ECB) that it is ready to act if they do not improve "insufficient" disclosures on climate ahead of rules coming into force this year.

People moves, 21 April: Standard Chartered, VCMI, Lloyds ... and more

Australia plans sovereign green bond and taxonomy financing

The Australian government has announced it plans to issue a debut sovereign green bond and will co-fund the development of a sustainable finance taxonomy...

ESG in Fixed Income EMEA 2023 conference roundup

Approximately 400 market practitioners this week assembled at Environmental Finance's ESG in Fixed Income EMEA annual conference to discuss the major issues for green, social, sustainability and sustainability-linked bond issuance...

Carbon markets waiting on details before using Integrity Council principles, says IETA

Carbon market participants are waiting for more detail from the Integrity Council before they apply its core carbon principles, the International Emissions Trading Association has said.

Impact manager Incofin draws institutional investment

Impact investment manager Incofin has raised an undisclosed amount from Degroof Petercam Asset Management and Korys.