News

• Sustainability-linked targets could add 'discipline' in green bond markets

  12 April 2023

  Using sustainability-linked targets in green bonds could provide the "missing" element to promote more discipline and tackle greenwashing, according to Atlanticomnium.

  

• Japan's largest banks hit by shareholder climate action

  12 April 2023

  Japan's six largest banks and energy companies have been hit by shareholder calls to disclose decarbonisation plans, over concerns that fossil fuel expansion will result in stranded assets.

• Cement SLBs set to rise, says Sustainable Fitch

  12 April 2023

  As pressure mounts on the cement industry to decarbonise, sustainability linked bonds are set to become an important part of financing companies' transition, Sustainable Fitch has said.

• 'More guidance needed' on TNFD, finance pilot says

  11 April 2023

  More guidance on the Taskforce on Nature-related Financial Disclosures (TNFD) framework is needed, a pilot with 42 financial institutions overseen by UNEP FI has said.

• Legal & General to close green bond ETF after two years

  11 April 2023

  Legal & General Investment Management (LGIM) is closing its dedicated green bond exchange-trade fund (ETF) from May, just two years after launching the fund.

• Gresham House: Sustainable timber demand to triple

  11 April 2023

  Demand for sustainable timber will increase by up to three times over the next three decades despite friction with local communities, a forestry investor at Gresham House has predicted.

• NY Fed: US bank transition risk exposure 'meaningful, but manageable'

  11 April 2023

  Research by the New York Federal Reserve said that US banks have a "meaningful" but "not very large" exposure to climate transition risk in their loan portfolios, with even the most severe scenarios impacting no more than 16% of their loan books.

• NBIM backs sustainability assurance standards

  11 April 2023

  Norges Bank Investment Management (NBIM) has encouraged the development of further assurance standards to help combat greenwashing and provide greater clarity for investors on sustainability issues.

• Final days to apply for EF's Sustainable Investment Awards

  11 April 2023

  Entries to Environmental Finance's annual Sustainable Investment Awards are open until 14 April 2023, which means this week is the last chance to apply.

• Investors welcome 'major step' of UK carbon markets regulation consultation

  10 April 2023

  Investors have commended the UK government's commitment to consulting on regulating voluntary carbon markets.