News

AIIB: Investors must focus on developing countries

Private investors must focus more on adaptation to climate change in developing countries if COP26 is to be a success...

BTNZ commits $143m to new climate-themed index

BT Funds Management (BTNZ) has committed NZD200 million ($143 million) () to a 'Paris-aligned' equity index managed by Legal & General Investment Management (LGIM).

COP26 round-up, 8 November: Adaptation & Resilience Day, GRII index, climate resilience finance

Markets 'unmoved' by blizzard of COP26 announcements

The flurry of announcements emanating from the COP26 summit in Glasgow have yet to make an impact on financial markets, a sustainability-focused fund manager has claimed.

AXA IM to divest from climate 'laggards' in 2025

Axa Investment Managers (IM) will divest from firms it deems to be "climate laggards" and fail to respond to engagement...

Qontigo adds carbon price to its macro risk model

Qontigo has started factoring carbon pricing into modelling used to measure the risk of equities.

Swiss regulator tightens 'greenwashing' scrutiny of funds

The Swiss Financial Market Supervisory Authority (FINMA) has published guidance for fund managers to combat 'greenwashing'...

AllianzGI, EIB target €500m for emerging markets impact fund

Allianz Global Investors (AllianzGI) and the European Investment Bank (EIB) have raised €440 million ($509 million) for a blended finance fund that will invest in climate-focused investment funds and projects active in emerging markets and developing countries.

M&G invests in plastics recycling firm

M&G has invested an undisclosed amount in UK-based plastics recycling firm Plastic Energy as part of a €145 million ($168 million) fundraising round.

'Much needed' EU, China common ground taxonomy published

The International Platform on Sustainable Finance (IPSF) has published its long-awaited initial scoping report detailing its "common ground" taxonomy (CGT) of green activities, described as a "much-needed" attempt to set global definitions.