Archive

BIS launches second green bond fund for central banks

The Bank for International Settlements (BIS) has launched a euro-denominated green bond fund for central banks, joining its inaugural fund launched in 2019.

French central bank tightens fossil fuel exclusions for €22bn portfolio

The Banque de France (BdF) has tightened the fossil fuel company exclusions applied to its own investment portfolio worth €22 billion ($27 billion), but campaigners called on the bank to "apply the same level of ambition to the immediate decarbonization of the European Central Bank's (ECB) monetary policy".

'Double materiality' splits market in IFRS sustainability standards consultation

NGFS to turn its gaze to biodiversity loss

Oil and gas majors release joint transition principles

Eight energy companies - BP, Eni, Equinor, Galp, Occidental, Repsol, Royal Dutch Shell and Total - have jointly developed a set of energy transition principles.

News round-up: Federal Reserve joins NGFS, BNP's energy transition fund, Poseidon Principles ... and more

Singapore regulator considering 'green' and 'transition' taxonomy

The Monetary Authority of Singapore (MAS) has announced it is considering formulating a taxonomy of its own covering 'green' and 'transition' activities, amid its plan to roll-out environmental risk management guidelines for all financial institutions.

Macquarie and BT Pension push TPI support past $20trn

Membership of the Transition Pathway Initiative (TPI) has surged past the $20 trillion milestone, just over three years after it was launched.

Phoenix invests $85m in World Bank project to boost affordable housing

Life insurance and pensions firm Phoenix Group has invested $85 million in a Multilateral Investment Guarantee Agency (MIGA)-guaranteed loan, which will be used to improve access to affordable housing in Panama.

Sound climate risk management needs sound measurement, says Macklem

Bank of Canada governor Tiff Macklem said that robust measurement of climate risk in the economy is required to manage the "accelerating" risk posed by climate change and the transition to a low-carbon economy, with global initiatives starting to "bear fruit".