News

Ottawa ready to issue a green bond of up to C$150 million

The city of Ottawa is in line to issue a green bond of between C$100 million and C$150 million ($79 million - $118 million) before the end of this year.

Storebrand snaps up ESG investor Skagen

Storebrand, the largest asset manager in Norway, has acquired fellow Norwegian fund manager Skagen for NOK1.6 billion ($200 million).

Swiss institutions' portfolios on track for 4°C- 6°C global warming

Most companies are not currently transitioning to low-carbon, says CDP

Large companies do not currently have the targets necessary to transition to a low-carbon economy, though the number that do is increasing and the majority plan to, according to CDP, formerly the Carbon Disclosure Project.

EU carbon market weekly update - 24 October 2017

The carbon market is hard to call at present but, after significant gains in recent weeks, the odds on further bullish news are dwindling, says Louis Redshaw.

EEX and CBEEX sign MoU on carbon market partnership

The China Beijing Environmental Exchange (CBEEX) has signed a memorandum of understanding with the European Energy Exchange (EEX) to form a partnership for the development of the Chinese carbon market.

Equator Principles' banks face calls for drastic revisions

Bank signatories of the Equator Principles are under pressure from campaigners to agree to a major revision of the standards, as their annual meeting convenes in Sao Paulo.

UK regulator accused of failing investors on climate change

The UK's Financial Reporting Council (FRC) is increasing the risk to investors by its "failure to effectively oversee and enforce climate risk reporting", according to environmental law group ClientEarth.

TCFD not incompatible with ERISA, says Baker McKenzie

The recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) are not incompatible with the Employee Retirement Income Security Act (ERISA), says Baker McKenzie.

Swiss Re expects claims of $3.6bn from hurricanes and earthquakes

Swiss Re has said its claims burden from recent US hurricanes and Mexican earthquakes will be $3.6 billion, the highest estimate from any underwriter except for the Lloyd's of London market.