News

• Biotech impact fund achieves $265m first close

  22 July 2020

  An 'impact medicine fund' targeting investments in novel treatments for diseases that have until now been underserved has raised $265 million at first close.

• Danish pension fund commits $50m to Nuveen impact strategy

  22 July 2020

  Nuveen has raised $150 million at first close of its private equity Global Impact Strategy, including $50 million from Denmark's Velliv.

• Morgan Stanley backs effort to align financial sector with the Paris Agreement

  21 July 2020

  Morgan Stanley has become the first US-based global bank to join the Partnership for Carbon Accounting Financials (PCAF) which aims to help financial institutions align their portfolios with the Paris Agreement on climate change. It has also committed to start measuring and disclosing the greenhouse gas emissions from its lending portfolio.

• Environmental Finance launches database of 'sustainable' loans

  21 July 2020

  A database of information about green and sustainability-linked loans (SLLs) has been launched by Environmental Finance, in response to recent developments in the sustainable debt market.

• HSBC launches ESG portfolio reporting service

  21 July 2020

  Multinational bank HSBC has released a reporting service allowing institutional investors to measure the environmental, social and governance (ESG) credentials of their investments.

• Task Force on Nature-related Financial Disclosures working group announced

  21 July 2020

  Ten financial firms have joined a working group to develop a reporting framework for the impact of the financial sector on biodiversity and ecosystems to complement the Task Force on Climate-related Financial Disclosures (TCFD).

• EU carbon market update: 20 July 2020

  21 July 2020

  The outlook for EU Allowances is bearish, after a week of volatile trading, says Tom Lord*.

• European insurers demand more sustainable investments

  21 July 2020

  Insurance Europe, which represents most of the continent's insurance industry, has reiterated calls for the European Commission to increase the supply of suitable sustainable investments. It also called for increased access to environmental, social and governance (ESG) data, and asked the Commission to ensure proportionate ESG rules.

• Environmental Finance's webinar - Renewable energy: mapping out the next investment push

  21 July 2020

  Join our webinars each Tuesday 10:00 EF / 15:00 BST

• WCI Carbon Market Update, 20 July 2020

  20 July 2020

  A new court ruling is bullish for the WCI market, but fundamental price drivers remain weak, says Nicolas Girod*.