News

Record impact bond issuance is asset owner opportunity, says Insight

Last year's record issuance of impact bonds is set to be repeated in 2021, presenting 'great opportunity' to incorporate positive impact objectives into asset owners' mandates, according to Insight Investment.

French central bank tightens fossil fuel exclusions for €22bn portfolio

The Banque de France (BdF) has tightened the fossil fuel company exclusions applied to its own investment portfolio worth €22 billion ($27 billion), but campaigners called on the bank to "apply the same level of ambition to the immediate decarbonization of the European Central Bank's (ECB) monetary policy".

EU carbon market update 19 January

WCI carbon market update: 19 January 2021

Final EU Taxonomy criteria delayed after draft proposals response

The publication of the final technical screening criteria (TSC) for the EU Taxonomy for sustainable activities have been delayed as the European Commission wades through the more than 46,000 responses to the consultation on the draft criteria.

News Round Up: Apex, Total, Orchard Street, Skandia and more

Danish pension fund invests in 'women's empowerment' fund

Danish pension fund Pædagogernes Pension (PBU) provided DKK 100 million ($16 million) as lead investor in the first close of SEAF's Women's Economic Empowerment Fund.

Environmentalists highlight shortfalls in Allianz's climate targets

Calling on divestment from polluting companies and greater details on engagement strategy

Axis Capital rules out backing fossil fuel projects in Alaskan region

Decision respects traditional ownership of lands by Gwich'in people

US regulator banking rule seeks to 'prop up' fossil fuel financing

The US Office of the Comptroller of the Currency (OCC) has been accused of staging a "last ditch" attempt to prop up financing for fossil fuel through its "fair access" rule for banks, amid a rising tide of lenders announcing plans to phase-out such funding.