News

Pension funds have 'unique' relationship with deforestation

A guide on how pension funds can tackle deforestation, inspired by their association with asset managers, has been launched by Global Canopy, Make My Money Matter and SYSTEMIQ.

ESG ratings 'struggling' to meet EU taxonomy social safeguards

New criteria for assessing non-compliance with minimum social safeguards in the EU's taxonomy regulation has been proposed, with ESG rating agencies having been identified as struggling to make the assessments.

Microfinance 'causes some hardship but is positive overall'

Although "microfinance is making some lives worse...the overall picture is positive", and most customers' lives have improved, a think-tank argued.

Policy action likely to lead to losses on crypto-assets, ECB paper warns

The eventual pricing-in of the negative environmental externalities of cryptocurrency assets appears likely to lead to losses on crypto-asset exposures, a research paper published by the European Central Bank warns.

EM sustainability-linked finance should focus on 'super tangible' targets

Sustainability-linked bonds and loans should focus on "super tangible" targets for borrowers in emerging markets and embrace the "creativity" the instrument...

Actis supports EU 'transitional' gas label

Actis has stressed that "gas is a really important transition fuel in some markets" and backed the EU's decision to include gas as a transitional fuel in its list of sustainable activities.

FCA urges ISSB to be flexible on scope 3 disclosures

The Financial Conduct Authority has urged the International Sustainability Standards Board to be more flexible on Scope 3 emissions disclosures.

LMA urges vigilance on 'a la carte' sustainability-linked loans

The Loan Market Association (LMA) said that the sustainability-linked loan (SLL) label should be "earnt, not handed over," as the trade association warned against the development of 'sustainability à la carte'.

Sainsbury's living wage vote 'breaks new ground'

A resolution for UK supermarket Sainsbury's to extend the living wage to indirectly employed staff received 17% support from shareholders...

People moves 8 July: Bloomberg, Standard Chartered, Credit Suisse, Bundesbank, Wells Fargo & more...