News

• Arowana Impact Capital invests in plastics recycler

  28 March 2022

  Arowana Impact Capital (AIC), the impact investing arm of asset manager Arowana, has made a cornerstone investment in Green Antz, a convertor of plastic waste to construction materials.

• Make 'huge' taxonomy extension to cover entire economy, Platform says

  28 March 2022

  The EU's taxonomy of sustainable activities should be extended to essentially cover every economic activity - including to define activities that must be "urgently exited", an expert group has told the European Commission.

• ESMA recommends EU tightens carbon market monitoring

  28 March 2022

  European Securities and Markets Authority (ESMA) has recommended that the EU improve transparency and tighten monitoring of the EU Emissions Trading System (ETS) in order to "maintain orderly markets".

• Scottish Widows divests from tobacco due to 'stranded asset risk'

  28 March 2022

  Pension and insurance provider Scottish Widows will divest £1.5 billion ($2.1 billion) of assets from companies with exposure to tobacco or some fossil fuels.

• HSBC urges investors to support under threat social bond market

  28 March 2022

  HSBC has urged investors to continue to support the social bond market or else it is "under threat", after social investment dropped materially following a boost in the wake of the Covid-19 pandemic.

• CIX joins forces with Carbonplace on carbon trading

  28 March 2022

  Carbonplace and Climate Impact X (CIX) have announced a joint pilot designed to lower barriers to entry in the voluntary carbon credit market.

• Demand for renewables will 'drive investors to green bonds & loans'

  28 March 2022

  ING have said that the drive for renewable energy, caused by Russia's invasion of Ukraine, will drive higher issuance of green, use of proceeds (UoP) loans and bonds, instead of sustainable and sustainability-linked bonds and loans, over the next year.

• Mandatory EU GBS key to securing 'gold standard' status, says ISS ESG

  25 March 2022

  Making the EU Green Bond Standard (EU GBS) mandatory might be the "key" to realise its international 'gold standard' potential over its voluntary standard rivals, says responsible investment advisory firm ISS ESG.

• GFANZ banks give 'little evidence' of short-term climate plans

  25 March 2022

  The short-term climate targets of the largest banks in the world are insufficient despite their membership of Glasgow Financial Alliance for Net Zero (GFANZ), a report has found.

• IBRD issues innovative 'pay-for-success' rhino bond

  25 March 2022

  The International Bank for Reconstruction and Development (IBRD) has raised $150 million from a ground-breaking 'pay-for-success' sustainable development bond to support rhino conservation in South Africa.