News

Physical climate risk disclosure initiatives still lacking, says WRI

Climate risk disclosure initiatives are still lacking in their coverage of several key physical risks, according to a report by the World Resources Institute (WRI), resulting in firms not being fully equipped to assess their exposure to these hazards.

High-net-worth investor interest in impact ballooned in 2020 - Barclays

Interest among high-net-worth individuals and family offices increased significantly in 2020, according to Barclays Private Bank.

LSE launches first dedicated transition bond segment

The London Stock Exchange (LSE) has launched a dedicated transition bond segment to its sustainable bond market (SBM), in a move it is believed makes it the first exchange to do so.

Biodiversity COP 'likely to be postponed again'

The 15th meeting of the Conference of the Parties (COP 15) to the Convention on Biological Diversity (CBD), currently scheduled for 17-30 May 2021 in Kunming, China, is expected to be postponed for a second time as the coronavirus pandemic disrupts preparations, sources have told Environmental Finance

EU urged to mobilise banks to integrate sustainability risks

The EU has been urged to take action "to foster the integration, the measurement and mitigation of sustainability risks and impacts into banks' activities" in the next iteration of its sustainable finance action plan.

Total commits to issuing only sustainability-linked bonds

French oil supermajor Total has committed to all its new bond issues being 'sustainability-linked', in another boost for the nascent market.

Global Covid-19 stimulus hurting environment, says report

Governments have failed to harness the opportunity of combining the $15 trillion in stimulus packages announced in the aftermath of the Covid-19 pandemic with sustainable growth initiatives, according to a report by Vivid Economics and Finance for Biodiversity (F4B).

News Round Up: Amundi, NGFS, Manulife, PGIM, and more

HSBC named largest GSSS bond underwriter for second year

HSBC retained its position as the largest green, social, sustainability and sustainability-linked (GSSS) bond market underwriter in 2020, in a year marked by the rapid acceleration in social and sustainability bonds and the arrival of further innovative bond classes.

TCFD 'implied temperature rise' metric gets Net Zero Asset Owner Alliance backing

An alliance of investors with more than $5 trillion in combined assets under management has told the Task Force on Climate-related Financial Disclosures (TCFD) secretariat that it 'fully supports' development of a measure of the 'implied temperature rise' of assets.