News

Ocean disclosures 'missing' from Danish pension funds

Danish pension funds are failing to engage with the impact of their investments upon the oceans, the Green Digital Finance Alliance (GDFA) has said.

Canada confirms mandatory climate disclosures

Canada has confirmed climate-related disclosures and net-zero plans will be mandatory for financial institutions and pension funds.

Bank of Finland sets interim net-zero investment targets

The Bank of Finland has set out its interim targets for achieving its ground-breaking net-zero investment commitment, including plans to divest and exclude fossil fuel firms.

V-Square launches diversity ETF

Asset manager V-Square Quantitative Management has launched its first thematic exchange-traded fund (ETF), the V-Shares US Leadership Diversity ETF (VDNI).

Bond round-up: China Construction Bank, NGK Insulators, Nedbank, Italy, BDO Unibank ... and more

Schroders buys 75% of Greencoat Capital

Schroders has acquired a 75% shareholding in Greencoat Capital, a European renewable energy infrastructure manager, for £358 million ($474 million).

Philips Pensioenfonds ditches Facebook in new SDG index

Philips Pensioenfonds has excluded 8% of assets and at least 200 companies, including Facebook and ExxonMobil in its new iSTOXX PPF Responsible SDG Index.

'Game-changing' parametric insurance deal for Belize blue bond

Willis Towers Watson (WTW) has designed the first sovereign debt insurance 'catastrophe wrapper' for the recent 'blue' bond issued by Belize, describing the parametric insurance deal as a "game changer" for coastal nations for building economic and environmental resilience.

GPFG will not set a net-zero goal

Norway's sovereign wealth fund will not commit to a specific net-zero emissions target for its whole portfolio, only aiming to decarbonise in the "long-term", as its manager prioritises achieving returns.

EU TEG taxonomy experts lament nuclear 'politicisation'

Members of an EU-mandated expert group have written to the European Commission to express their concern at the potential inclusion of nuclear in the bloc's sustainability taxonomy, in a decision they say has been politicised instead of following science.