News

Asian investors urged to be stricter on labour practices

Asian investors have been urged to require more of companies on labour practices to avoid human rights abuses and reduce reputational risk.

Bond round-up: Italy, Germany, Orsted, Intesa Sanpaolo, Singapore PUB ... and more

GAM sets 2030 decarbonisation targets for $12.5bn portion of assets

Swiss asset manager GAM Investments has set decarbonisation targets for 36% of its investment management assets - but said methodology and data issues restricted it from setting comprehensive targets.

Moody's launches ESG risk tool for P&C insurers

Global risk assessment firm Moody's has worked with specialty re/insurer Chaucer to launch a tool to help property and casualty insurers integrate environmental, social and governance (ESG) risk ...

Council of the EU approves De Cambourg as chair of EFRAG sustainability reporting board

The Council of the EU (the Council) has endorsed Patrick de Cambourg to become chair of EFRAG sustainability reporting board (SRB).

Moody's proposes transfer of SPO business to credit rating unit

Moody's has proposed to transfer its sustainable finance second-party opinion (SPO) business to its credit rating unit, whilst it also requested feedback on its updated SPO assessment and scoring framework.

NGFS targets wider use of scenarios after release of third iteration

Climate scenarios for central banks and supervisors have been updated to include national 'net zero' commitments at the COP26 climate conference in Glasgow, ahead of a move to broaden the potential application of the scenarios to private financial institutions.

Australia needs policy change to tackle 'critical risks to natural capital', says Pollination

Significant changes in government policy and business practice are required to address Australia's "critical" natural capital risks, Pollination has said.

HESTA warns four energy firms of potential climate-related divestment

HESTA has warned four energy firms they face heightened scrutiny and potential divestment due to their lacklustre decarbonisation strategies, as the Australian pension fund announced a strengthened 2030 decarbonisation target.

G7 companies heading for 2.7°C of warming, says CDP

Companies based in the G7 are collectively aligned with a scenario that would see 2.7°C of global warming, according to analysis of their emissions reduction targets by CDP.