News

PRI delays reporting overhaul to 2023

The Principles for Responsible Investment (PRI) has delayed an overhaul of the reporting it requires of its signatories until 2023, after complaints that a pilot exercise demanded too much time to complete and resulted in data gaps and errors.

Green and sustainability-linked loan round-up: RSK, Cabot, Saputo, Sing Da Marine ... and more

Ashley Alder and Allison Herren Lee to speak at 'The Future of ESG Data'

IOSCO chair Ashley Ian Alder and SEC commissioner Allison Herren Lee have been confirmed as keynote speakers at Environmental Finance's The Future of ESG Data conference.

Bond round-up: NRG, PNC, Berkeley, Gemdale, Sunnova, OCBC, Bewi ... and more

Life insurer targets diversity & inclusion with $100m impact fund

Life insurance and wealth management provider Northwestern Mutual has launched a $100 million fund targeting positive social impact by investing in "Black and African-American communities".

Ecofin impact fund sells plastics recycling, school holdings

Ecofin has raised about $12 million from the sale of two private debt investments, in plastics recycling company PureCycle Technologies and MaST Community Charter School, respectively.

Financial firms back deforestation data initiative

A working group of investors and banks are supporting an initiative to improve the data on corporate deforestation through supply chains

EOS turns voting focus towards gender and racial diversity in 2021

EOS at Federated Hermes said it tightened its voting policies related to gender and racial diversity on boards in 2021, opposing director re-elections where "insufficient" progress has been made - with the investment stewardship firm particularly disappointed by progress in China, Hong Kong and Taiwan.

KGAL launches renewables impact fund

Germany's KGAL Investment Management has launched an 'impact' fund focused on renewable energy infrastructure in Europe, for which it aims to raise €500 million ($586 million), with a hard cap of €750 million.

The 12 key take-aways from the IPCC report, according to HSBC

This week's report on climate science from the Intergovernmental Panel on Climate Change (IPCC) should prove to be "yet another wake-up call for governments to set ambitious, credible climate targets that cover both mitigation and adaptation", according to HSBC.