Archive

Citigroup claims more than $100bn in environmental finance since 2014

Banking giant Citigroup said it has funded or facilitated more than $164 billion of activities to combat climate change since 2014.

BlueOrchard, Schroders developing microfinance relief fund

Impact investor BlueOrchard and Schroders are developing a blended finance fund that will target Covid-19 relief efforts for micro, small and medium-sized enterprises (MSMEs) in emerging markets.

PRA postpones UK climate and insurance stress tests

The UK's Prudential Regulation Authority (PRA) has paused further work on its climate and insurance stress tests to allow firms to tackle the other pressures they face due to the Covid-19 pandemic.

Oil majors accused of using CA100+ as 'fig leaf' to disguise inaction

Oil supermajors have been accused of using joint statements with investor initiative Climate Action 100+ (CA100+) as a means to disguise limited action on emissions reductions.

Hong Kong launches green finance steering group

The Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) have established a Green and Sustainable Finance Cross-Agency Steering Group.

Time is ripe for US asset managers to engage oil majors

Domestic asset managers have been largely absent from climate engagement with US oil majors, but the Church Commissioners for England tells Ahren Lester that this could finally be changing.

A fifth of Barclays investors back fossil fuel financing phase out

More than a fifth of investors in Barclays backed a shareholder resolution urging the FTSE 100-listed lender to outline a plan to phase out its financing for fossil fuel firms.

Emerging market green bond issuance jumps a fifth in 2019

Green bond issuance across emerging markets jumped a fifth in 2019, a report by Amundi Asset Management and the International Finance Corporation revealed.

People Moves 7 May; Morgan Stanley Investment Management, Sustainalytics, Pollination, HSBC

Domini launches impact mutual fund

Domini Impact Investments has launched an impact equity fund that will invest in areas including low-carbon energy, financial inclusion and healthcare.