News

• Capital requirement hike looms if banks miss climate deadlines, ECB warns

  02 November 2022

  Banks in the EU have been given deadlines by the European Central Bank (ECB) to meet minimum requirements on climate risk management, or potentially face higher capital requirements.

• RobecoSAM biodiversity fund targets €3bn

  02 November 2022

  Asset manager Robeco has targeted raising €3 billion ($3 billion) with its biodiversity equity strategy, an executive has said.

• Brunel is cornerstone in £90m impact real estate fund

  01 November 2022

  Brunel pension scheme has acted as a cornerstone investor in a fund that aims to invest in impactful real estate investment opportunities.

• Asian GSSS bond issuance hits $600bn, finds report

  01 November 2022

  More than $600 billion of green, social, sustainable and sustainability-linked (GSSS) bonds have been issued out of Asia, Environmental Finance Data shows.

• UK transition plan regime raises prospect of restatements, says EY

  01 November 2022

  Institutional investors will have to determine how they would react in the event of corporate restatements of erroneous net zero transition plans, accounting and consulting firm EY has suggested.

• GFANZ publishes net-zero transition plan guidance

  01 November 2022

  The Mark Carney-backed Glasgow Financial Alliance for Net Zero (GFANZ) has published voluntary guidance on net-zero transition plans (NZTPs) for achieving net-zero by 2050 focused on Scope 3 emissions.

• Developing markets need voluntary carbon market expansion, says Schroders

  01 November 2022

  The development of the global voluntary carbon market will be vital in supporting emerging market decarbonisation-...

• Bloomberg tightens grip on GSS bond indexing with new launches

  31 October 2022

  Financial services giant Bloomberg has launched a series of green, social and sustainability bond indexes, in a move that could see it tighten its grip on indexing in the rapidly growing market by using its own data and analysts to determine eligibility.

• UOB to join Net Zero Banking Alliance

  31 October 2022

  United Overseas Bank (UOB) has applied to join the Net Zero Banking Alliance (NZBA) - at a time when several large US banks are reportedly considering walking out on the initiative.

• UOB sets 2050 net zero target, rules out new oil and gas financing

  31 October 2022

  United Overseas Bank (UOB) has announced a 2050 net zero target across its lending portfolio, and has also become the first bank in Asia to rule out new financing for upstream oil and gas projects.