News

WCI carbon market update: 04 May 2021

People Moves 30th April: IGCC, Blackstone, Big Society Capital, ClimateCare, and more

News round-up: ESG fund assets approach $2trn, PIMCO launches ESG fund, Epworth ditches oil and gas firms, Race to Zero updates criteria

ECB 'will draw on full supervisory toolkit' to correct banks' climate risk mismanagement

The European Central Bank (ECB) has placed Eurozone banks on notice that, where it sees that they "are not managing their exposures to climate-related risks in an adequate manner, we can and will draw on the full supervisory toolkit at our disposal to correct that situation".

Brunel launches £945m 'responsible investment' private debt portfolio

The £30 billion ($42 billion) Brunel Pension Partnership has launched a £945 million private debt portfolio intended to "push the boundaries of responsible investment in direct lending"

German court backs 'globally remarkable' climate law complaint

The German Federal Constitutional Court has decided that the 2019 climate change act violated the freedoms of the young complainants by offloading the majority of the carbon emissions reductions to after 2030, in a decision described as "globally remarkable new standard for climate protection as a human right"

2020 saw dip in emerging market impact fund launches, Phenix data show

Just 59 emerging market impact funds were launched last year - compared with 90 funds in 2019, and 58 in 2018, according to data provided by Phenix.

News round-up: Sarasin, NGFS and UK Treasury

Nuveen raises $575m with 'impact' debt fund IPO

Nuveen has raised $575 million through the initial public offering (IPO) of a debt fund that it claims to be the first positive-impact, closed-end fund.

Green and sustainability-linked loan round-up: Red Sea Development, American Homes 4 Rent, Pandora ... and more