News

Zero emissions proposal for GPFG is 'very significant'

An expert group's recommendation for Norway's sovereign wealth fund to target zero emissions by 2050 for its portfolio is potentially of great significance, an OECD economist has said.

ECB could tilt bond purchases to Paris-aligned firms, says Schnabel

A senior European Central Bank (ECB) member said the bank could buy more bonds from firms committed to the Paris Agreement goals...

Impact interest in food systems is growing rapidly - Big Path Capital

Rapidly accelerating interest in sustainable agriculture assets has been observed recently among investors targeting positive environmental impact, according to Big Path Capital.

Manulife IM makes another timberland acquisition

Purchase of Brazilian eucalyptus plantations joins the insurer's expanding timberland portfolio

Prudential makes $200m commitment to diversity, equity and inclusion

Prudential Financial has made a $200m commitment through the Prudential DEI Portfolio to private equity investments constructed with a diversity, equity and inclusion lens.

People Moves 20th August: Imperial College, Fidelis, Impax and more

Hong Kong regulator introduces climate-related disclosure obligations

Fund managers in Hong Kong will be required from August 2022 to make climate-related disclosures, in the latest landmark for the global spread of mandatory disclosure in line with the recommendations of the Task Force on Climate-related Financial Disclosures.

HSBC, Standard Chartered and Barclays provide $12bn in fossil fuel financing in 2021

HSBC, Standard Chartered and Barclays have supported a combined $12 billion in fossil fuel financing in the first six months of 2021, which campaigners said undermines the climate pledges made by the lenders ahead of the COP26 climate summit in the country later this year.

Biodiversity COP delay confirmed

Final meetings in a UN summit to agree a global framework to promote biodiversity will be delayed until April 2022, the Convention on Biological Diversity (CBD) has said.

NNIP's acquisition by Goldman 'a defeat for sustainable investing in Netherlands'

Goldman Sachs' purchase of Dutch insurer NN Group's investment management arm has been described by one market observer as "a defeat for sustainable investing in the Netherlands".