News

EU Commission criticised over conflicts of interest on BlackRock contract

The European Commission did not properly consider conflicts of interest when it granted a contract to BlackRock to advise on the EU's new sustainable finance agenda for banks, according to an opinion by the European Ombudsman.

News Round Up: TCI Fund Management, IPSF, Kapan, and more

EU carbon market update: 25 November 2020

Short-term fundamentals are mixed, however, a surprise announcement that EUA and EUAA auctions would be delayed to the start of 2021 is a 'game changer' for the medium-term outlook, says Tom Lord

US DFC aims to catalyse $50bn in private impact investments

The US International Development Finance Corporation (DFC) says it will commit more than $25 billion as part of its first global impact development strategy - which it claims will help drive a further $50 billion in private impact investments.

BankTrack: Equator Principles projects 'unsatisfactory' on local engagement

News Round Up: John Kerry, Mirova

Asset manager taskforce calls on bondholders to assert their rights

A UK government-initiated taskforce has announced recommendations to strengthen sustainable stewardship in the UK investment industry, including encouraging investors to assert their rights in the bond and private markets.

Evli launches forestry impact fund of funds

Finland's Evli Bank has launched a 'impact forest fund' that it says provides institutional investors and high net worth individuals "access to the world's leading forestry funds".

'Seas impact fund' launched to invest in seaweed

A fund has been launched to invest in UK-based 'ocean plant production' such as seaweed, "which is set to become a multi-billion pound global industry" in coming decades, according to the fund manager.

Asian firms overtake US on emissions disclosure, says Arabesque

The proportion of Asian companies reporting carbon emissions has jumped above that of US firms in 2019, according to a report by sustainability-focused asset manager Arabesque, although European corporates continue to lead.