Abrdn: EU Taxonomy social proposals could have 'drastic' impact

A "sharp reversal in current trends" is needed, if the 1.5°C global temperature increase limit is to be met, Lombard Odier has warned.

The European Central Bank (ECB) has scotched a suggestion that it could introduce measures to insulate climate-themed investments from inflation, as it said ensuring price stability over the medium term is the best way to ensure inflation does not impair the energy transition.

The process of securing Africa's biggest renewable energy deal was smoothed by the company being acquired having an outstanding ESG rating, it was claimed.

More financial institutions need to assess their water risks to help reduce their risk "blind spots", with banks leading the way so far, disclosures platform CDP said.