News

Updated EU taxonomy unveiled

The proposed taxonomy of green activities that will underpin the EU's Sustainable Finance Action Plan was updated and expanded today - and now includes criteria for climate adaptation activities.

EU's TEG: Develop 'brown' taxonomy to support energy transition

The EU should devise a taxonomy of activities that cause significant harm to the environment, the Technical Expert Group on Sustainable Finance (TEG) has recommended.

UK regulator proposes tightened climate-risk disclosure demands

The UK financial services regulator has announced it is considering new climate-related disclosure requirements for most of the major firms listed in the country, despite disappointment from campaigners that its proposals were not mandatory.

Prudential Financial issues $500m green bond

First of its kind by US life insurer

People Moves, 6 March: DG FISMA, ResponsAbility, Carbon4 Finance

MSCI: Portfolio warming potential will be key metric

Assessing the "warming potential" of portfolios could soon become standard practice for investors, according to Remy Briand, head of environmental, social and governance (ESG) assessment at data provider MSCI.

Shareholders urge QBE to stop playing with fire

Shareholders coordinated by campaign group Market Forces and investment manager Australian Ethical have co-filed a resolution calling for QBE to align its underwriting and investment activities with keeping global warming below 1.5 degrees.

Impact funds on the hunt for €57bn in capital

Impact-focused asset managers are currently on the search for a combined €57 billion ($65 billion) to deploy in developed markets, according to data from Phenix Capital.

Impact part of US Development Finance Corporation's pitch for funds

The US International Development Finance Corporation (DFC) has requested a budget of $836 million to meet its annual financing needs - including for an expanded programme to make impact investments in developing countries.

BlackRock launches trio of ESG-focused funds

BlackRock has launched three environmental, social and governance (ESG)-focused exchange traded funds (ETFs) through its $2.2 trillion iShares platform, shortly after announcing plans to double its ESG funds by 2021.