News

• SBTi calls for end to coal financing by 2030

  12 April 2022

  Financial institutions should phase out financing for coal by 2030 and oil & gas by 2040, the Science-Based Targets initiative (SBTi) has said.

• Colombia publishes 'milestone' national green taxonomy

  12 April 2022

  Colombia has become the first American country to publish a national 'green' taxonomy, with the list of sustainable activities also including a ground-breaking emphasis on land use.

• HSBC launches two environmental ETFs

  12 April 2022

  HSBC Asset Management has launched two more Paris-aligned ETFs.

• NAIC updates climate risk disclosure survey for US insurers

  12 April 2022

  US insurers will need to comply with the Task Force on Climate-Related Financial Disclosures...

• Address climate adaptation finance, says IPCC co-author

  12 April 2022

  Financial institutions must urgently move away from funding fossil fuels and channel more capital to financing climate adaptation measures, according to a co-author of the latest report by the Intergovernmental Panel on Climate Change (IPCC).

• Menterra social impact fund raises $30m

  11 April 2022

  Bangalore-headquartered Menterra Venture Advisors has announced the first close of its Menterra Social Impact Fund II, at INR227 crore ($29.8 million).

• NA100 invites investors ahead of summer launch

  11 April 2022

  An initiative to coordinate engagement with companies and policymakers on nature has invited investors to signal their interest, ahead of a formal launch this summer.

• CA100+ targets CRH over climate accounting failure

  11 April 2022

  Climate Action 100+ (CA100+) supports a resolution from Sarasin & Partners to vote against Irish buildings materials firm CRH and its auditor over perceived climate-related inaction.

• Mandatory climate disclosure for Canadian banks, insurers from 2024

  11 April 2022

  Canada has confirmed plans to phase-in mandatory Task Force on Climate-related Financial Disclosures (TCFD) reporting for banks and insurers from 2024.

• EU standard proposals could 'shrink pool' of green bonds, says HSBC

  11 April 2022

  The additional EU Green Bond Standard (GBS) criteria proposed by an influential committee run the risk of "shrinking the pool" of green bond issuers and projects by being overly complicated and restrictive, according to HSBC.