News

UK pensions impact quota suggested to nurture VC funds

A suggestion to encourage UK pensions to allocate "a small portion, less than 5%" of their investment portfolio to venture capital funds that target positive impact is among dozens of proposals in a report by a member of the upper house of the UK Parliament.

Environmental Finance Bond Awards 2022 nominations open

Nominations have opened for the 2022 Environmental Finance Bond Awards, which celebrate the leading green, social, sustainability and sustainability-linked (GSSS) bond and loan deals...

CA100+ net-zero benchmark is 'too complicated'

The Net-Zero Company Benchmark developed by Climate Action 100+ (CA100+) has potential to become an "essential tool" for investors, according to a climate finance campaigner, but currently suffers from being too complicated and lacking detailed requirements around current proof of alignment.

Germany is against nuclear in taxonomy, says minister

Germany's environment minister has said the country's coalition government will tell the European Commission that the EU's biggest economy is against proposals to define nuclear energy generation as 'green'.

EBA: 80% of banks considering ESG in credit risk

Four in five banks (over 80%) in the European Economic Area (EEA) are factoring ESG into credit risk, a survey by the EBA has suggested.

Blackstone invests $3bn in North American renewable energy firm

Private equity firm Blackstone Infrastructure Partners has invested $3 billion for a minority stake in Invenergy Renewables,...

World Bank proposes sovereign sustainability-linked bond verification body

The World Bank has proposed creating a global body to support the development and assessment of sovereign sustainability-linked bonds (SLBs)...

People Moves 7 January 2022: BMO, JPMorgan, Schroders, BoA and more...

US financial regulators urged to address climate risk

US financial regulators have been urged to make 2022 a year of action on climate change.

'Impact accounting' bodies launch survey of existing approaches

The Value Balancing Alliance (VBA) and Impact-Weighted Accounts initiative (IWAI) at Harvard Business School have asked organisations to explain how they 'value' their positive and negative social and environmental impacts.