News

Impact fund raises $210m to 'preserve' US affordable housing

IMPACT Community Capital has raised $210 million to provide short-term bridge loans that are intended to help developers and owners of affordable housing "who want to preserve their properties' affordability status".

Climate vulnerable countries face significant sovereign bond premium

Bank of Ireland launches carbon credit initiative

Bank of Ireland has launched an offsetting initiative to enable companies to buy carbon credits to fund afforestation projects in Ireland.

BlackRock, Temasek and Amundi among G7 Impact Taskforce members

Investment managers including BlackRock, Temasek and Amundi are among dozens of members of a global Impact Taskforce to promote financing that creates positive social and environmental impact.

US to phase out international fossil finance

The US government is to phaseout international finance for coal, oil, and gas except in restricted circumstances...

London impact fund raises further £45m from pension scheme

Two UK Local Government Pension Scheme (LGPS) investment pools have secured a £45 million ($62 million) investment for their London impact fund...

UK pensions regulator advised to toughen climate disclosure compliance regime

The Pensions Regulator (TPR) has been advised to toughen proposals outlining how it will punish trustees in the UK that neglect their duty to make climate-related risk disclosures.

EMIA releases 'enhanced' principles for labelled bonds

A group of emerging markets investors has released a set of "enhanced" principles for labelled bonds, in an attempt to "diminish greenwashing".

BHP could benefit from ESG boost as the miner mulls oil and gas exit

Anglo-Australian mining giant BHP has announced it is considering exiting its oil and gas business, in a move that analysts believe could result in an environmental, social and governance (ESG) re-rating and rising interest from investors.

Housing market lacks climate risk integration, finds UNEP FI

The UN Environment Programme Finance Initiative (UNEP FI) has said that real estate valuers may lack necessary skills and standards...