News

‘Promoting a green economy’ is not our role, says Swiss central bank

The Swiss National Bank has said that ‘promoting a green economy’ through its operations would run counter to its mandate, “pave the way for conflicts of interest and politicise monetary policy”.

People Moves: IIGCC, Riksbank, Bloomberg

Refinitiv plans to launch fund sustainability ratings

Financial data giant Refinitiv, which owns Lipper, is planning to launch fund sustainability ratings, Environmental Finance has learned.

US regulator unveils climate risk expert group

The regulator of the US futures and options markets has appointed a 35-member committee of experts to assess the risks posed by climate change to the financial markets.

Kairos Partners launches long-short fund based on ESG index

Kairos Partners SGR has launched an actively managed, long-short fund that will use an ESG index as its underlying benchmark.

EIB fossil fuel lending phase-out hailed as ‘crucial milestone'

The European Investment Bank (EIB) has committed to phase out lending to most fossil fuel projects by 2022, in a move that has been hailed as a crucial milestone in achieving the goals of the Paris Agreement.

BlackRock launches Europe's first ESG high-yield bond ETFs

Asset manager BlackRock has launched two high-yield environmental, social and governance (ESG) bond exchange-traded funds (ETFs).

Riksbank divestments ‘open floodgates’ to questions on climate divestment

The Swedish Riksbank’s climate-related divestment from carbon-intensive issuers is set to ramp up the pressure on other investors who hold the bonds, demonstrating the potential influence of central banks on climate change, market observers have said.

Bonds round-up: Apple, Chinese banks, CAFFIL, Swiss Life, RBS, KommuneKredit, Nidec ... and more

HSBC: Enel SDG bonds could be a 'backward step'

HSBC has weighed into the debate on Enel's sustainability-linked bond, criticising the offering as a backwards step because its proceeds are not earmarked for green projects.