News

EIB's latest climate action bond is 'first to align with EU Taxonomy'

The European Investment Bank (EIB) claims it has become the first green bond issuer to align its issuance framework with the proposed EU Sustainability Taxonomy.

EU proposes looser green assets threshold for fund EcoLabel

The EU has proposed to significantly lower the green assets threshold needed for equity funds to qualify for its planned EcoLabel, after initial proposals were deemed "too ambitious".

SustainAbility awarded Commission contract for ESG ratings research

SustainAbility was awarded a €224,000 ($249,000) contract by the European Commission to undertake a study on environmental, social and governance (ESG) ratings and research.

MSCI launches two ESG corporate bond indexes

New York-listed financial data firm MSCI has launched two corporate bond indexes weighted according to environmental, social and governance (ESG) considerations.

People Moves, 10 January: New York Commons, Willis Towers Watson, Rathbone, IHS Markit, Canada Post, Bamboo Capital, ICMA

Catastrophe bond issuance passes $100bn: Aon Securities

The total value of catastrophe bonds has 'breached a historic milestone', passing $100 billion for the first time, according to Aon Securities.

UK pension schemes 'worryingly weak' on climate risk

Efforts among UK investment managers to tackle climate risk are worryingly weak - with less than half (44%) systematically considering it at security level before investment, according to pensions advisory LCP.

France sees 'first green European CMBS'

A European commercial mortgage-backed security (CMBS) has been issued that is believed to be the first to align with the Green Bond Principles (GBPs).

BlackRock joins Climate Action 100+ initiative

The largest asset manager in the world, BlackRock, has joined the Climate Action 100+ initiative, in a move that "sends a powerful signal to companies to reduce emissions, improve corporate governance and strengthen their disclosure".

Cubico agrees first Greek wind farm acquisition

Renewable energy investor Cubico Sustainable Investments has acquired its first wind farm in Greece, for an undisclosed sum.