News

PRI in call for investors to engage more with sovereigns

Sovereign bond holders should be more active in engaging with nations on environmental, social and governance (ESG) issues to affect change, according to a report published by the Principles for Responsible Investment (PRI).

TD Bank makes net zero by 2050 pledge

Toronto Dominion (TD) Bank has become the latest bank to commit to achieve net-zero greenhouse gas (GHG) emissions associated with its operations and financing activities by 2050 - but the announcement was criticised for failing to set an interim target.

Carney's voluntary carbon market taskforce launches consultation on proposals

A Mark Carney-initiated taskforce focused on rapidly scaling up global voluntary carbon markets has opened its initial report on forming a global carbon market, including creating clear core carbon principles and carbon spot and future contracts.

News Round Up: BlackRock, Tikehau, Moody's, and more

Investors back Sustainability Reporting Standard for Social Housing

A Sustainability Reporting Standard for Social Housing has been published with support from a group of UK-based investors including M&G, Insight and Legal & General.

UK government announces green sovereign bond and climate disclosure plan

The UK government has announced plans to issue its first green sovereign bond in 2021, as well as making for climate-risk disclosures mandatory for major companies by 2025.

BofE announces climate stress tests launch in June after Covid-19 delay

The Bank of England (BofE) has announced that its postponed climate stress tests will now launch in June, after the central bank used the delay due to the Covid-19 pandemic to work on the design of the exercise.

News Round Up: Scottish Widows, JP Morgan, Fidelity, and more

BlueOrchard launches Covid-19 support impact fund

BlueOrchard Finance has launched a $140 million impact fund to help financial institutions provide financing to micro, small and medium-size enterprises (MSMEs) in emerging and frontier markets as they respond to the coronavirus pandemic.

US election shows demand for positive change, impact investor says

The record level of voter turnout in the 2020 US election demonstrates the country's desire for positive change - public sentiment which should be harnessed by investors, according to Adasina Social Capital.