Archive

IIF urges NGFS to help standardise climate risk analysis

The Central Banks and Supervisors' Network for Greening the Financial System (NGFS) has been urged to align approaches to assessing climate risk, including scenario analysis.

LuxFLAG label sees 78% growth in 2019

A further 26 investment funds have been granted a LuxFLAG label, capping a year of strong growth for the sustainable finance labelling scheme.

Shipping industry's $5bn decarbonisation research commitment judged too small

Proposals by the International Chamber of Shipping (ICS) for a $5 billion levy on shipping to fund research into how to decarbonise the industry was dismissed as "a drop in the ocean" by environmental campaigners.

GPIF signs partnership to invest in development bank's social bonds

Japan's $1.6 trillion Government Pension Investment Fund (GPIF) has signalled its intention to buy social bonds issued by the Council of Europe Development Bank (CEB).

Siemens Gamesa links €2.5bn loan to sustainability performance

Wind turbine manufacturer Siemens Gamesa has agreed to link the margin on its main financing facility to its performance against sustainability criteria.

People Moves 20 December

CLP to exit coal assets by 2050 amid end to new investments

Asian electricity firm CLP has pledged to no longer invest in new coal-fired power stations ahead of exiting all its coal assets by 2050.

Hong Kong stock exchange revises ESG reporting rules

The Hong Kong stock exchange has introduced new environmental, social and governance (ESG) requirements for issuers, from the middle of 2020.

ESMA recommends EU develop single set of ESG disclosure standards

The regulator of the EU's securities markets has advised the European Commission to develop 'a single set of international environmental, social and governance (ESG) disclosure standards', to combat what it sees as short-termism among market participants.

Fitch: Sustainability concerns could impact credit profiles

Sustainability issues could have a direct impact on credit profiles if environmental, social and governance (ESG) commitments translate into action, according to Fitch Ratings