News

• First US state financial regulator joins NGFS

  25 September 2019

  The New York State Department of Financial Services (NYSDFS) has become the first US state financial regulator to join the Network of Central Banks and Supervisors for Greening the Financial System (NGFS).

• IHS Markit launches 'first global carbon index'

  25 September 2019

  The average price of carbon credits has more than doubled since the start of 2018 to $23.65, according to an index that claims to be the first benchmark for the global price of carbon credits.

• Pension funds and insurers commit to carbon-neutral investments by 2050

  25 September 2019

  The newly launched alliance is responsible for $2.4trn in investments

• Generali becomes first EU insurer to issue a green bond

  24 September 2019

  Italy’s Generali has become the first EU insurer to issue a “green bond”.

• Carney: EU taxonomy is binary - we need 50 shades of green

  24 September 2019

  The EU's taxonomy on sustainable activities is "a good start", but a "richer" taxonomy that does not take a binary approach is needed, said Bank of England governor Mark Carney.

• Countries pledge a further $1.4bn to GCF

  24 September 2019

  This week’s UN Climate Action Summit has seen a host of countries, including Sweden and South Korea, make commitments to the replenishment of the Green Climate Fund (GCF), totalling $1.4 billion.

• Natixis applies green weighting mechanism for CIB

  24 September 2019

  Natixis has begun to apply a 'green weighting factor' (GWF) to its Corporate and Investment Banking (CIB) arm to weight its investments based on their climate impact.

• Sustainability bond labels can be a case of 'splitting hairs'

  23 September 2019

  The transition bond label is unnecessary and can amount to 'splitting hairs' over the perceived sustainability of some sections of the market, according to a leading green bond second opinion provider.

• One-third of banking sector signs Principles for Responsible Banking

  23 September 2019

  A set of principles designed to hardwire sustainability into the global banking industry has been formally launched with the backing of more than 130 banks – which together represent one-third of the global banking sector's assets.

• WCI Carbon Market Update, 23 September 2019

  23 September 2019

  CCA prices edged lower again last week, but the outlook remains bullish, says Nicolas Girod*