News

• Asset managers pressurise Brazil to ban Amazon fires

  14 July 2020

  Work by asset managers sets 120-day ban following 34% increase in Amazonian deforestation this year

• Nippon Life to test impact investing waters with TPG investment

  14 July 2020

  Nippon Life intends to invest this month in TPG's Rise Fund, as part of a plan to eventually invest JPY30 billion ($280 million), through its own strategy, into companies targeting a measurable positive social or environmental impact alongside financial returns.

• Voting underway in annual poll of voluntary carbon market

  14 July 2020

  Nominations for Environmental Finance's 11th Annual Voluntary Carbon Markets Rankings are now open.

• World Bank launches EM green taxonomy development guidelines

  13 July 2020

  The World Bank has published a guide for Emerging Market (EM) financial regulators that outlines the process required to develop their own taxonomy on activities and assets that can be deemed 'green'.

• Mark Carney launches climate disclosure initiative with London Stock Exchange

  13 July 2020

  Former Bank of England governor Mark Carney and the London Stock Exchange plan to establish a global coalition of stock exchanges supporting climate disclosure in line with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).

• Private wealth firms encouraged to develop impact, ESG products

  13 July 2020

  Managers of private wealth, including family offices and high-net-worth individuals (HNWIs), have been encouraged to develop more products that focus on creating positive impact or that incorporate environmental, social or governance (ESG) considerations.

• ECB asset purchases could encourage more green bonds, says Fitch

  13 July 2020

  The likelihood of the European Central Bank (ECB) taking climate change considerations into account in its €2.8 trillion ($3.2 trillion) asset purchase programme (APP) could boost issuance of green bonds, said ratings agency Fitch.

• WCI Carbon Market Update, 13 July 2020

  13 July 2020

  Fundamental price drivers remain weak, but the economies of Quebec and California are both recovering says Nicolas Girod*.

• Australian pension fund to exit coal amid climate announcements

  10 July 2020

  Australian pension fund First State Super has outlined a number of climate change actions and targets, including exiting thermal coal, as it urged other Australian pension funds to do the same.

• Foresight buys £1.8bn pension fund asset manager PiP

  10 July 2020

  Foresight has agreed to buy the UK's Pension Infrastructure Platform (PiP) for an undisclosed sum as it continues to bolster its sustainable infrastructure assets.