News

NBIM: Norwegian oil fund 'should not move to climate index'

The Norwegian Government Pension Fund Global (GPFG) should not replace its stock index with a climate benchmark, its manager has recommended.

Governance number one ESG factor for NBFI ratings, says Fitch

Fitch says governance is "by far the single most important ESG factor" for its ratings of non-bank financial institutions (NBFIs) - and governance issues are increasingly likely to be reflected in credit ratings.

Cartonboard maker is Apollo Impact's first investment

Private equity firm Apollo's impact strategy has made its first investment, in Italy-based recycled cartonboard manufacturer RDM.

Liontrust ESG IPO fails to roar

Norwegian pension fund could lose up to $190bn from low carbon transition

People Moves 2 July: IGCC, Green Investment Group and more

EU transition finance, biodiversity & anti-greenwashing proposals in renewed strategy

The European Commission has outlined plans to explore creating EU labels for transition and sustainability-linked bonds, a methodology for assessing financial risks associated with biodiversity, mandating climate-related scenario analysis and increasing scrutiny of ESG ratings providers.

SEC Commissioner slams IFRS sustainability standards proposal

A US Securities and Exchange (SEC) Commissioner has urged the International Financial Reporting Standards (IFRS)...

UK green bond steps closer after 'ambitious' framework publication

The UK government has published its green financing framework ahead of debuting its £15 billion green bond programme in September, with proposals the government called the "most ambitious of any major sovereign".

ECB: Investment funds particularly at risk from climate change

European investment funds are particularly at risk of harmful "repricing" as the markets adapt to climate change, the European Central Bank (ECB) has said.