News

BNP raises €80m for private equity impact fund

The alternatives investment arm of BNP Paribas has raised €80 million ($93 million) at first close of a private equity fund of funds that will target measurable positive impact alongside financial returns.

Group assembled to build TNFD

A group was formed today with the aim of setting up a Task Force on Nature-related Financial Disclosures (TNFD).

Comment: A toast to the TNFD

Nature is finally making its way up the sustainable investment agenda.

Biodiversity accounting initiative outlines initial guidelines

A report endorsed by banks and asset managers has laid out a common approach to measuring positive impact on biodiversity.

26 firms commit to biodiversity impact and disclosure pledge

A pledge to set targets and reporting on biodiversity, and pressure world leaders to reverse nature loss has been signed by 26 financial firms managing over €3 trillion ($3.5 trillion) in assets, including Axa, HSBC Global Asset Management and Robeco.

People Moves 25 September: Tribe Impact Capital, Ålandsbanken

European Commission plans to create sustainability database

An EU-wide platform that would provide investors with "seamless access" to financial and sustainability-related information on companies has been made a key part of the EU's plans to deepen the European single market.

The biggest announcements so far from Climate Week

As Climate Week draws to a close, here are some of the most important announcements from an event defined by the coronavirus pandemic.

First used cooking oil futures contracts traded

US-based derivatives marketplace CME Group has confirmed the first trade of the Used Cooking Oil Methyl Ester (UCOME) futures contracts for the European market.

SEC shareholder resolution proposals 'actively muzzle' investor engagement

The US Securities and Exchange Commission (SEC) has approved rules which limit the ability of investors to file shareholder proposals, a move criticised as "actively muzzling" investor pressure on environmental, social and governance (ESG) and other material issues.