Archive

People Moves, 12 January: Barclays, Impax, ABN AMRO, Natixis ... and more

NZBA welcomes first Chinese member but suffers second bank exit

The Bank of East Asia (BEA) has become the first Chinese member of the Net Zero Banking Alliance (NZBA), but US lender Blue Ridge Bank also became only the second member to "withdraw from" the UN-convened industry group.

COP28: Coal plant shut-down deal takes significant step forward, but will still operate until 2035

From Peter Cripps at COP28 in Dubai

COP28: Sovereign sustainability-linked finance task force launched

Eight development banks and financial institutions have launched a technical task force to support the development and growth of the sustainability-linked finance market for sovereign issuers to achieve global climate and nature goals.

'More rigorous' standards see biennial review register big drop in sustainable assets

A big drop in the total assets judged as 'sustainable' globally has been reported in the latest in a series of biennial reviews, with tightened criteria in response to a "rise in greenwashing and greenhushing".

ASEAN data utility working with Japanese banks to harmonise supply chain data

The creators of a Single Accesspoint for ESG Data (SAFE) are partnering with Japanese financial institutions in an attempt to ensure financial institutions in the ASEAN region have full visibility of sustainability information throughout their supply chains, it has been revealed.

ASCOR to assess countries based on contribution to $100bn climate finance goal

A first-of-its-kind free tool to help bond investors assess countries' climate progress has been launched that will see investors rate sovereigns on factors including their contribution to the problem and the finance they commit to address it, following changes to its draft methodology.

'Transition is the new battleground'

Following the launch of ASEAN transition finance guidance, Eugene Wong argues that the shift to net zero requires a local, rather than a global, approach. Ahren Lester reports

External reviews are the 'main sticking point' for sustainable loan deals

Updated guidance on external reviews is being readied, the Loan Market Association's Gemma Lawrence-Pardew tells Ahren Lester

Major investor groups identify what 'good' climate policy looks like