News

Banks join $10bn Indonesian energy transition group

The Glasgow Financial Alliance for Net Zero (GFANZ) has launched a working group to mobilise capital towards Indonesian's just energy transition.

COP27: The most important developments so far

HSBC pointed out that the conference so far has made limited progress. In fact, analysts went so far as to suggest that a 'cover agreement' may not even see the light of day.

COP27 showing 'no clear pathway' on progress yet

As the COP27 climate summit reaches the half-way point, there is "no clear pathway" to success and no certainty a 'cover document' for the event will be agreed, HSBC has warned.

Local currency loans should be impact 'norm'

Local currency hedging is "becoming the norm" among frontier and emerging market impact investors, according to Cardano Development.

COP27: African cities water fund aims to raise $5bn

A blended finance fund focused on promoting 'water resilience' in African cities has launched with the aim to raise $5 billion by 2032.

Emerging market sovereigns need support with sustainable bonds, says Moody's

Sovereign sustainable bond issuances will help emerging markets fill the just transition financing gap, but multilateral development banks will have to support these as fiscal constraints worsen, Moody's has said.

Banks urged to rework financing instruments for climate adaptation

"Considerable effort" is needed to develop climate adaptation and resilience finance in a "practical and actionable manner," but existing tools such as green bonds could be adjusted by the private sector ...

Pension funds urged to target at-risk emerging markets to support a 'just transition'

The Church of England Pensions Board has urged pension funds to take a more nuanced approach to investing in emerging markets to support a socially just climate transition, including by prioritising countries which are most at risk from physical climate impacts.

Geneva Association proposes framework for measuring social impact

Think-tank addresses the under-reported "S" in ESG

People Moves 11 November: ESG RS; PineBridge; TNFD and more