News

Winners of inaugural Impact awards revealed

The winners of Environmental Finance's inaugural Impact awards have been announced.

Climate change could be "much worse" than Covid-19

Climate change risks being "much worse and more difficult" than Covid-19, Munich Re's chief executive for reinsurance, Torsten Jeworrek, has warned.

Diverging US/European ESG rules will affect risk-return profiles, warns Fitch

Differing approaches to regulating environmental, social and governance (ESG) considerations by pension funds is likely to lead to diverging risk-return profiles, Fitch Ratings has warned.

Bank of England warns of hit to sovereign debt from climate change

The Bank of England has warned of the potential for climate risk to hit sovereign debt "in extreme circumstances", but it steered away from naming the countries most at risk. Anna Sweeney, executive director of the insurance supervision division at the UK's central bank, said when global warming threatened physical damage to tangible property held by insurers, this could also ricochet into the real world and so hurt insurers' investments further.

NBIM recommends incorporating impact into GRI standards

Companies reporting in line with the Global Reporting Initiative (GRI) should be asked to disclose their net impact on society and the environment, according to one of the world's largest asset managers.

SDGs "will not be achieved until 2092" - study

The world will not achieve the 2030 Agenda for Sustainable Development until 2082, based on current trends - and the fallout from Covid-19 could delay this by another 10 years, according to a study.

Suzano prices first bond under Sustainability-Linked Bond Principles

Brazilian paper and pulp firm Suzano has priced the first bond to conform with Sustainability-Linked Bond Principles, which were launched in June.

People moves, 11 September: PGIM; Nuveen; CPPIB; BoI; NNIP; Sustainalytics; Ambienta; Brooks Macdonald; MainStreet

Climate change could be "much worse" than Covid-19

Munich Re's reinsurance CEO says climate change has been under the radar because of the pandemic

CFTC: Climate change poses 'major risk' to US financial system

A report from a subcommittee of US federal regulator the Commodity Futures Trading Commission (CFTC), has found that all US financial regulators must recognise that climate change poses 'serious emerging risks' to the national financial system.