News

PNC pledges $20 billion in environmental finance

US bank PNC Financial Services has pledged $20 billion over five years for environmental finance across areas including sustainability-linked bonds and loans

Forest fund exceeds £100m target

The Gresham House Forest Growth & Sustainability Fund has reached its first close, with £127 million in subscriptions, exceeding its initial target of £100 million

New standard for REDD+ launched

A new standard for verifying 'credits' created by efforts to reduce emissions from deforestation and forest degradation in developing countries (REDD+) has been launched

Australian gas company shareholders demand Paris Agreement alignment

Shareholders at Origin Energy have demanded the largest supplier of gas and electricity in Australia align its capital expenditure with the Paris Agreement

ECB sounds alarm at banks' climate lethargy

The European Central Bank (ECB) says the results of EU banks' self-assessments on climate-related and broader environmental risks demonstrate an "alarming" lack of urgency to meet minimum supervisory expectations.

Green and sustainability-linked loan round-up: Wood, Akbank, TIP, Encavis ... and more

Switzerland plans to make climate disclosures obligatory

Large Swiss companies will have to disclose climate risk data, including their impact on the environment, in line with recommendations from the Task Force...

An extended EU taxonomy 'would be clearer for investors'

Extending the EU's taxonomy of sustainable activities to have separate criteria to identify activities that cause 'significant harm' would provide clarity for investors about which activities are unsustainable, a webinar heard.

Bond round-up: Pfizer, Principal Financial, Singapore NEA, Verditek, Baidu ... and more

NBIM makes biodiversity a stewardship priority

Norges Bank Investment Management (NBIM) has warned companies it invests in to integrate biodiversity into their strategies...