Archive

German banking group urges review of sustainable finance regulation

Asset owners slow to set recommended decarbonisation targets, PAAO report reveals

Several signatories to the Paris Aligned Asset Owners (PAAO) initiative have been flagged for being slow to set some of the recommended decarbonisation targets, as it published its first progress update.

Asset owners give backing to Climate Action 100+

A group of 44 asset owners representing over $4 trillion in assets have written in support of Climate Action 100+, the investor-led initiative putting pressure on the world's largest corporate greenhouse gas emitters.

IDB: Brazil 'green' foreign exchange hub is scalable and impactful

A senior adviser to the Inter-American Development Bank (IDB) is working on making its 'green' foreign exchange (FX) hub launched with Brazil earlier this year scalable for other countries as a means to reduce hedging costs for investors and boosting sustainable investment to emerging markets.

Some 40 insurers set out plans for nature action with UN

The UN's Principles for Sustainable Insurance (PSI) has outlined the "concrete outputs" it aims to produce from its Nature-Positive Insurance (NPI) working group.

Index providers must account for ESG data quality to avoid under-serving investors

There is a risk that green-labeled indices may overpromise and under-deliver without a commitment to data quality and transparency from their providers, writes Jonathan Gardiner

Investor group backs SEC over courts for shareholder rights

A group of 39 investors representing combined assets under management of $5.2 trillion have backed the Securities and Exchange Commission (SEC) to continue as the preferred arbiter of shareholder proposals in the US.

Averon Park plots acquisition of Foresight Sustainable Forestry Company

Sustainable infrastructure investor Averon Park has made a bid to acquire and take private London-listed timber investor Foresight Sustainable Forestry Company in a cash deal valuing the company at £167 million ($212.3 million).

Shareholders back Scope 3 targets for Yara International

Support for an unsuccessful resolution at Yara International's AGM to set Scope 3 emissions reduction targets shows an increasing focus on the climate impacts of the fertiliser industry, according to ShareAction.

Aviva lends £65m debt package to UK electric bus business