News

Japanese GFANZ members 'intend to grow transition financing'

Japanese financial institutions said they will grow their allocation to 'transition financing' and explore ways to ramp up a planned phase-out of coal power generation, in a joint statement by signatories to the Glasgow Financial Alliance for Net Zero (GFANZ).

Loans round-up: ThaiBev, ISF, Invenergy ... and more

Blurred lines between ESG and Impact need clarification, says Amundi

The sustainable finance industry needs to move away from treating sustainable investing and impact investing as synonymous, Amundi Asset Management has claimed.

LMA exploring 'transition loan' label as sustainability-linked debt flounders

The Loan Market Association (LMA) is exploring the creation of a label for loans that finance climate transition-themed projects or activities, as it considers how to drive more investment in 'hard-to-abate' sectors.

Nature resolutions hit double figures in North America

Nature-related shareholder resolutions have hit double figures for the first time in North America, and are predicted to gain strong investor support.

Saint-Gobain: EU Taxonomy 'opened green bonds for us'

French construction materials firm Saint-Gobain switched from sustainability-linked bonds to green bonds for its latest sustainable bond deal, after EU Taxonomy-aligned disclosures helped it identify eligible activities.

Vanguard's Australian arm made 'misleading' ESG claims regarding bond fund, court rules

Vanguard's Australian arm broke the law by "making misleading claims about certain ESG exclusionary screens" applied to investments in a bond index fund, the Australian Federal Court has ruled in a landmark case.

ASEAN Taxonomy extended to transport, construction and real estate

An update to the Association of Southeast Asian Nations (ASEAN) Taxonomy for Sustainable Finance has seen the ground-breaking 'green' list extended to cover the transport and construction and real estate sectors.

Oil and gas giants' climate opacity keeps investors in the dark, CA100+ assessments show

The poor quality of climate disclosures by the 10 largest oil and gas companies globally is keeping investors in the dark and hindering their engagement efforts, analysis for the Climate Action 100+ initiative suggests.

Royal London AM invests £260m in UK regenerative agriculture farmland

Royal London Asset Management has acquired 21,000 acres of farmland in a £260 million joint venture with the South Yorkshire Pensions Authority (SYPA), which will be used for regenerative agriculture projects and nature-based solutions.