News

Malaysian stock exchange to launch carbon market

Bursa Malaysia Berhad, Malaysia's stock exchange, is to launch a voluntary carbon market in late 2022.

Half of European ESG leveraged loans have 'weak' target promises

Half of all European leveraged loans proposed in the second quarter of 2022 had "weak" environmental, social and governance (ESG) provisions in which they commit to set targets at a future date, according to Fitch Ratings-owned Covenant Review.

A delayed transition would spur stagflation, says BNP

A delayed transition would require steep rises in carbon prices, and contribute to stagflation, BNP Paribas has predicted.

People Moves 12 August including Mark Carney, Impact Investing Institute

State Street: Extent of 'green shorting' in the market was surprising

State Street Global Advisors said it was surprised by the large extent of 'green shorting' interest it found in the securities lending market.

An 'ocean' of opportunity in engagement, Credit Suisse & Rockefeller say

Credit Suisse and Rockefeller Asset Management are engaging with companies on their ocean harming practices, in a fund that is outperforming the listed equities market this year-to-date.

Transition methodologies failing to meet Paris Agreement, academics warn

Existing methodologies commonly used by companies, investors and regulators for calculating transition pathways are failing to accurately reflect the Paris Agreement goals, with academics warning that most business will consequently fail to reduce their greenhouse gas (GHG) emissions in time.

Loan round-up: EDP, HDFC, CBRE, Ardmore Shipping, Airtel Africa ... and more

Low water levels pose credit risk for German manufacturers, says Moody's

Water levels in the Rhine, which are at their lowest since 2018, are 'credit-negative' for German chemicals companies, said Moody's Investors Service.

Calls grow for EU alignment with ISSB standards

Groups representing the accounting and investment management professions have added their weight to calls for proposed EU corporate sustainability disclosure standards to align with a global baseline also in development.