News

News round-up: US climate targets, US Solar Fund, Columbia Threadneedle, FTSE Russell, and more

EU hikes green bond issuance programme to €250bn

Phenix developing impact benchmarks

Phenix Capital is developing impact benchmark indexes and is canvassing large asset owners for their input, according to the data provider.

EU expert group expresses 'deep concerns' over taxonomy

The Platform on Sustainable Finance (PSF), the technical body appointed by the EU to advise it on developing its sustainable finance action plan, has expressed "deep concerns" over a leaked draft taxonomy of sustainable activities drawn up by the European Commission.

News round-up: Axa, Macquarie, NY State Retirement Fund, Ambienta

Companies failing to meet own emissions targets, says TPI

Companies are not cutting their emissions fast enough to hit their own 2030 or 2050 emissions reductions targets, according to the Transition Pathway Initiative (TPI).

Further 'sustainability-linked green' bonds expected in future, says Mizuho

Hopes are high that the first sustainability-linked green bond in Japan will spark a flurry of others, according to Mizuho Securities, amid expectations that sustainability-linked fixed income instruments will become the main sustainable bond product in the country in the future.

Social Loan Principles launched by industry associations

Social Loan Principles (SLP) have been published by the trio of industry associations that administer the widely used voluntary principles for green and sustainability-linked loans.

Belgian central bank sued over 'climate failings' in bond buying programme

The National Bank of Belgium (NBB) is being sued by ClientEarth in a 'landmark' legal action to stop the central bank from funding fossil fuel firms through its bond buying programme, amid broader pressure from the environmental law charity on the European Central Bank (ECB) 'quantitative easing' policy.

BlackRock and Temasek commit $600m to decarbonisation investment partnership