News

ECB tells banks to pressure clients on climate data

The European Central Bank (ECB) has told banks they need to pressurise their clients to disclose more emissions data, after its first climate stress test showed most lenders are not adequately managing climate risks.

Investors may greenwash using SFDR labels, 2DII finds

Financial think-tank 2 Degrees Investing Initiative (2DII) said it had found risks of greenwashing to be particularly high around the use of Sustainable Finance Disclosure Regulation (SFDR) marketing labels by investors, when they are combined with claims of contribution to positive environmental impact.

Data reliability still a 'significant challenge', says NGFS

"Significant challenges" remain on climate-related data and its reliability, according to the Network for Greening the Financial System (NGFS).

Defiant Stuart Kirk quits HSBC amid 'group-think' lambast

HSBC Asset Management responsible investment head Stuart Kirk has resigned after criticising the response of the bank to his controversial comments on sustainable finance...

Taxonomy vote raises the stakes for investor-policymaker standoff

The contentious inclusion of nuclear and gas as 'transition' energy sources in the EU's green taxonomy could influence policymakers in other jurisdictions - even as investors prepare to ignore the result, according to Eurosif.

Loan round-up: Cairn Homes, L&Q, APM, Vestas, Chailease ... and more

LOIM launches food fund with CHF200m assets

Lombard Odier Investment Managers (LOIM) has launched a sustainable food-focused listed equity fund with CHF200 million ($206 million) in assets.

'Dark day for climate' as taxonomy vote clears way for nuclear and gas inclusion

An objection to plans to include some nuclear and gas in the EU's taxonomy was voted down today, marking what one politician described as "a dark day for the climate and the energy transition".

Bond round-up: AIB, Swedish Export Credit, Generali, PKO Bank ... and more

Impact 'should focus on under-represented entrepreneurs'

Social investors do not widely provide flexible capital for under-represented entrepreneurs, James Broderick, a board member at the UK's Impact Investing Institute (III), said.