News

ASEAN sustainable fund standards will need tightening, says HSBC

A proposal for an ASEAN sustainable fund standard is a "good start" but will need to be tightened to align it with other international standards...

Bill may force CalPERS, CalSTRS to divest fossil fuels

Two of the largest pension funds in the world could be forced to divest billions of dollars of oil and gas holdings by July 2027, under proposed legislation.

All EU green bonds to require transition plans under latest proposal

All EU Green Bond issuers should create transition plans with emissions reductions targets covering at least the next five years, said the European Parliament's Environment,...

Philippines urges European investors to back green bond after COP disappointment

The Philippines has urged European investors to support its forthcoming $500 million green bond debut after the "disappointing" response of developed nations to support climate finance for emerging economies at the COP26 climate conference.

Social impact investment trust makes £11m commitments

Schroder BSC Social Impact Trust has invested £6.6 million ($9 million) in follow-on impact investments and committed a new, £4.5 million investment in the Community Investment Fund in the last three months.

Nordea reveals 'most influential' biodiversity developments

The most significant advances in biodiversity in the coming year for financial institutions will be standardised frameworks, executives from the market insight arm of bank Nordea have said.

BIS warns against lower capital requirements for green assets

Regulators have been warned against lowering capital requirements for 'green' assets, which would be counterproductive and could even lead to a "green bubble", in a note from the Bank for International Settlements (BIS).

People moves 18 February including BlackRock, Marsh, ASN, & more...

Singapore plans maiden green bond and carbon tax hike

Singapore has announced its intention to issue its maiden sovereign green bond later in 2022

'New risks' for banks brought by climate in EU prudential disclosures

The requirement for large EU banks to disclose more information on the climate risks they face means they are likely to be exposed to new financial risks that could directly impact banks' credit quality, according to a credit rating agency.