News

EU 'brown' taxonomy proposals split financial sector

HESTA makes A$20m impact investment

Australian superannuation HESTA has invested A$20 million ($15 million) in a A$100 million issuance of shares by healthcare mutual company Australian Unity.

EIOPA to take 'three-stage approach' on climate disclosure standards

The European Insurance and Occupational Pensions Authority (EIOPA) will adopt a three-stage approach towards developing climate disclosure standards for the insurance and pension sector amid challenges currently faced by poor or lacking data.

Impax trebles AUM in just over three years

Impax Asset Management has trebled its assets under management, to more than £20 billion ($26 billion), in just over three years.

News round-up: TNFD expands, GIG enters India, Chinese ESG ETF growth ... and more

Eiopa opens discussion on including climate change in Solvency II

The European Insurance and Occupational Pensions Authority (Eiopa) has published a discussion paper on if, and how, climate risk can be included in the Solvency II standard formula.

People Moves 4 December: IIGCC, AMNT, Tikehau Capital, UKSIF

Swiss impact firms join to create CHF1bn asset manager

Swiss impact investment managers Obviam and Asteria have entered a strategic tie-up to create an impact-focused manager with CHF1 billion ($1.1 billion) in assets.

Give UK infrastructure bank 'social impact and net zero mandate'

A proposed UK 'infrastructure bank' must have a mandate to finance the transition to a net-zero economy, according to the Impact Investing Institute.

EU climate benchmarks complete regulatory journey

Two closely watched EU climate benchmarks intended to address the risk of 'greenwashing' are set to come into force before the end of 2020 after officially entering the official journal of the bloc.