News

Bank of America becomes third US lender to join carbon accounting initiative

Bank of America (BoA) has joined the Partnership for Carbon Accounting Financials (PCAF), the third major US lender to join the initiative in the past week, as pressure builds on financial institutions to tackle the emissions of their lending and investment portfolios.

No banks are outstanding at ESG, study finds

A study of 30 leading banks concluded that not one warranted being classified as 'outstanding' when it comes to integrating environmental, social and governance (ESG) criteria.

Strong ESG performance improves bond resilience, says MSCI

Bonds from companies with strong environmental, social and governance (ESG) performance showed more resilience than other corporate bonds during the first six months of this year, according to MSCI.

UK pension fund shifts half its assets amid tightened climate policy

UK pension fund Nest has strengthened its climate change policy as it targets net-zero carbon emission by 2050, divesting from coal and other controversial fossil fuels and diverting almost half its assets to 'green' investments.

Gender investing 'key to Covid-19 recovery', say experts

Female-led projects are key to rebuilding following the Covid-19 outbreak, according to a panel discussion hosted by the Impact Investing Institute.

Short selling can be effective ESG impact tool, says AIMA

Short selling can be an "effective tool" to mitigate carbon risks and can incentivise companies to improve their environmental, social and governance (ESG) performance, but data providers and regulators must also play their part, said a leading trade association.

Ninety One and WWF launch environmental sovereign index

Asset manager Ninety One, formerly part of Investec, has partnered with the WWF to launch a Climate and Nature Sovereign Index.

Bond round-up: IBRD, Manila Water, Eurofima, Thailand ... and more

Green and sustainability-linked loan round-up: M+S, Naturgy, UOL, Argent

Invesco reveals results of scenario analysis pilot project

Investment manager Invesco has subjected a significant portion of its equity and bond portfolios to a scenario analysis that assumes average global temperatures rise by no more than 1.5oC above pre-industrial times.