News

NY fund files ESG shareholder proposal with Twitter

The trustee of the New York State Common Retirement Fund has filed shareholder proposals at eight companies including Twitter requesting they disclose political spending.

Actiam appoints CEO after Cardano completes acquisition

UK-based Cardano Group has completed the acquisition of Dutch asset manager Actiam from insurance and reinsurance group Athora Netherlands.

Nuclear, gas in taxonomy is 'biggest greenwash ever'

Members of the EU Platform on sustainable finance have warned that the environmental credentials of the bloc's sustainability taxonomy will be irrevocably damaged if plans to include nuclear and fossil gas energy generation proceed.

Mandatory EU green bond standard would cause 'major disruption'

The proposal of making an EU green bond standard mandatory for issuers would undermine sustainable capital markets worldwide,...

Sampension argues for engagement over divestment

Dutch pension fund Sampension said it will increase its portfolio engagement on climate change in 2022, instead of divesting.

Loan round-up: JD.com, M&S, John Holland, Cogeco, Birla Carbon, UPL ... and more

Renewables slump pushes award-winning funds into 2021 loss

An award-winning, impact-focused fund manager has lamented a lack of policy action to tackle climate change, as a fall in the value of clean energy holdings...

Korean green taxonomy includes natural gas

South Korea has published its classification system, or taxonomy, of activities it deems to be environmentally sustainable - which includes natural gas but omits nuclear energy.

ICMA: 'Common ground' taxonomy should increase scope, not granularity

The International Capital Market Association (ICMA) has recommended that the landmark 'common ground' taxonomy (CGT) of green activities widens its scope to include additional categories and transition activities, but avoids developing the granularity seen in the EU Taxonomy.

Chinese carbon price 'to quintuple'

Chinese carbon prices could increase five-fold in the next ten years - from $6 currently to between $31 to $100 - due to stronger demand and tightening supply.