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European Parliament votes to 'break down' composite ESG ratings
26 April 2024The European Parliament has given the go-ahead to 'world first' regulation on ESG ratings, which encourages an end to the use of aggregate ratings that give an overall sustainability score.
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'Dividing line' between transition and business strategies is fading fast
26 April 2024The convergence of climate transition and financial business strategies is becoming more prominent and is helping drive greater sophistication in transition planning by issuers, sustainable finance experts told an Environmental Finance event.
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Financial accounting of net-zero commitments? Not yet, IASB says
26 April 2024A decision on whether net-zero commitments should be recognised under IAS 37 lays bare an expectation gap between backward-looking financial accounting and forward-looking sustainability perspectives. Vincent Huck reports
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People Moves, 26 April: Glass Lewis, Abris, NTR, Circulate Capital, Mediolanum ... and more
26 April 2024 -
EU looks to UK, US policies, with no clear way forward for SFDR
26 April 2024The European Commission is monitoring developments such as anti-greenwashing rules and sustainability labelling schemes in the US and UK as it mulls how it can improve the Sustainable Finance Disclosure Regulation (SFDR).
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Impax warns investor sentiment towards green funds could sour
26 April 2024The founding CEO of Impax Asset Management has warned that another disappointing year of returns for 'green' listed equities funds could cause investor sentiment to sour.
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Regulators' attempts to put labels on sustainable finance are flawed, argues Impax
26 April 2024Impax Asset Management's founding CEO has criticised European efforts to define sustainability labels, but praised the lighter touch approach taken by the regulator in the US.
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LGIM to sharpen nature voting focus for 2024 AGM season
26 April 2024Legal & General Investment Management (LGIM) voted against 100 companies for failing to meet deforestation expectations last year, as it vows to introduce stricter policies on nature in 2024.
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Loan round-up: Vukile Property, Nexa, Blumar ... and more
25 April 2024 -
Apicorp returns to green bond market
25 April 2024Energy-focused financial institution Arab Petroleum Investments Corporation (Apicorp) is pricing a new benchmark-sized, US dollar-denominated green bond, three years after its green bond market debut.