News

• Time has come to ready transition plan regulation, Carney says

  26 October 2022

  Regulators internationally should start work to regulate transition plans of financial institutions and businesses to ensure such a regime is ready to govern reporting when these disclosures become commonplace, Mark Carney has said.

• SWEN blue ocean fund raises €150m

  26 October 2022

  SWEN Capital Partners' Blue Ocean Fund has exceeded its target by raising a further €38 million in its latest funding round, taking total investment commitments to €150 million ($150 million).

• $100trn of investment needed to reach net-zero, report finds

  25 October 2022

  Over $100 trillion is needed to 'green' the world's capital stock and reach net zero by 2050, a report by BNY Mellon and Fathom Consulting has found.

• US banks 'have not indicated' intention to quit GFANZ, Carney says

  25 October 2022

  Mark Carney has denied that several large US banks threatened to quit the climate finance group he co-chairs, adding that the CEOs of the banks "have not indicated to me any intention to do so".

• FCA unveils measures to 'clamp down' on greenwashing

  25 October 2022

  The UK's Financial Conduct Authority (FCA) has proposed a set of sustainability labels and restrictions to "clamp down" on greenwashing.

• World Bank warns of SLB greenwashing risk from 'structural loopholes'

  25 October 2022

  The World Bank encouraged the market to consider expanding the role of external reviewers for sustainability-linked bonds (SLBs) to cover their structure, after research identified "structural loopholes" which pose a greenwashing risk for the market.

• RepRisk, IBAT launch biodiversity tool for extractives

  25 October 2022

  Swiss data firm RepRisk has launched a product for measuring the biodiversity impact of mining and oil & gas projects in a move it billed as a "ground-breaking" foray into location-based information.

• Video: AllianceBernstein's Tiffanie Wong on the importance of ESG data

  25 October 2022

  Tiffanie Wong, director of fixed income responsible investing portfolio management at AllianceBernstein, shares her view on sustainable finance in fixed income as well as ESG data and corporate disclosure

• Climate change ranked as top emerging risk in all regions

  24 October 2022

  Risk experts in all world regions have labelled climate change as their top concern, according to Axa's Future Risk Report 2022.

• Asset managers: TNFD must not 'water down' standards

  24 October 2022

  The Taskforce on Nature-related Financial Disclosures (TNFD) diluting its standard to make it more accessible would endanger its credibility, impact-focused asset managers have said.