News

COP26: Self-interest to help settle critical climate ambition and 'who pays' questions

A rising global realisation that it is in the self-interest of each country to deliver climate action could help settle the thorny questions at the UN COP26 climate summit in November of ambitious targets and who funds transition investment in developing nations.

SMBC, MUFG have highest share of fees from fossil fuel investments, AFII says

Out of 20 underwriters and lenders with large global reach,the ones that made the highest share of their debt transaction fees from fossil fuels are Japanese banks SMBC and MUFG, according to non-profit the Anthropocene Fixed Income Institute (AFII).

US SEC pens sample letter for companies with insufficient climate disclosures

The US Securities and Exchange Commission (SEC) has published an 'illustrative letter' it could send to companies...

$9trn PRI-led investor group demands extending scope of EU's CSRD

A $9 trillion group of 54 investors led by the Principles of Responsible Investment (PRI) has asked legislators to extend the scope of the EU Commission's proposed Corporate Sustainability Reporting Directive (CSRD) to include non-listed small and medium-sized enterprises from 'high risk sectors'.

People Moves 24 September: Nomura, Newton, Fiona Reynolds and more...

CLP to cut out coal by 2040 following engagement

Hong Kong-based power company CLP Group will drop coal by 2040 and target net zero by 2050...

Investors must prepare for 'inevitable' carbon pricing, says Barclays

Barclays expects major governments to implement various carbon pricing mechanisms over the medium-to-long term..

Util: 'Sustainable' funds have no significant positive impact

US funds labelled as 'sustainable' do not have a significant positive overall impact on the UN's Sustainable Development Goals (SDGs), impact analysis firm Util has found, adding that "an absence of coherent regulation or consensus creates a perfect storm for greenwashing".

Rockefeller AM launches $100m climate fund

Rockefeller Asset Management (RAM) has launched a fund with almost $100 million in assets

High ESG ratings deliver 'persistent' outperformance in Europe - but not the US

Companies with high environmental, social and governance (ESG) ratings in the EU demonstrated "persistent outperformance"...