News

Saudi Arabia green bond highlights 'clear issue' for market

The ground-breaking $3 billion debut green bond issuance from the Saudi Arabia sovereign wealth fund has highlighted a "clear issue" that continues to impact the green bond market, according to a leading sustainable investor.

UK should 'seriously consider' taxonomy timeline after government overhaul

The UK government should reconsider the timeline for its taxonomy of sustainable activities after the entry of Prime Minister Liz Truss' administration, its independent advisory group has said.

BlackRock hit with $794m Louisiana divestment due to 'net zero' push

The treasurer of Louisiana has pledged to divest from all investments made by the state in BlackRock funds in a further escalation of the sustainable investing political backlash in the US.

Taking the brakes off onshore wind

Lifting the effective ban on onshore wind farms in the UK will "release the brakes" for investors, Foresight tells Environmental Finance.

People Moves 7 October: BNP Paribas, M&G, Mirova ... and more

Incofin plans to launch four impact funds

Incofin Investment Management plans to launch four impact funds over the next year, including a $60 million private equity fund focussed on drinkable water in "the coming weeks".

Munich Re to refuse coverage for new oil and gas fields

Munich Re is to stop insuring and investing in projects for new oil and gas fields, midstream oil infrastructure and oil-fired power plants, in a bid to meet Paris Agreement climate targets.

Investors should label plastic as an asset, says Planet Tracker

Impact investors should label non-recyclable, plastic materials as an asset so that portfolio companies use plastic more responsibly, said Planet Tracker.

FCA to publish fund labelling proposals this month

The UK's Financial Conduct Authority (FCA) said it hopes to belatedly publish its fund sustainability labelling proposals by the end of the month, but there was no update on when the UK's taxonomy might follow.

ECB climate scores another sign of rising liability risk, says law firm

The decision by the European Central Bank (ECB) to tilt its corporate bond purchases toward issuers with better climate 'scores' is part of a wider shift to tighter climate rules - which in turn points to rising liability risk, a law firm has said.