News

Moody's: New sustainability criteria positive for Brazilian lenders

A report by Moody's Investors Service has claimed that, if implemented, the sustainability criteria for agricultural lending being explored by Banco Central do Brasil (BCB) would be credit positive for large Brazilian agricultural lenders.

Central banks should explicitly back net-zero measures, says report

Central banks should explicitly align their policies with achieving a net zero carbon emission economy by 2050, according to a paper prepared by a trio of economists, including through their prudential supervision, monetary policy and their own portfolios.

News round-Up: CFA Institute, Nest, IFAC

'Greenium' for majority of green bond issues in late 2020, says CBI

News round-up: US ditches ESG pension fund rules, Axa drops Rwe, Xpansiv launches nature-based carbon offset contracts

People Moves 12 March: Phoenix; Solebury Trout; ABI

Impact fund provides grants to support IIRC, SASB merger

The Tipping Point Fund on Impact Investing has provided grants worth $500,000 to the International Integrated Reporting Council (IIRC) and the Sustainability Accounting Standards Board (SASB) - to help "unify the impact investing market behind a global standard", it said.

News round-up: Moody's and Green Finance Institute

UN adopts 'landmark' natural capital accounting framework

The UN has adopted a "landmark framework" to integrate natural capital in economic reporting, which it says could be used to underpin decision-making at the major international climate and biodiversity conferences later this year.

HSBC bows to investor pressure and announces coal phase-out plan

Shareholders have hailed a victory for engagement after HSBC pledged to phase out coal financing by 2040 to stave off an investors' revolt.