Archive

Basic definition essential for transition bond issuance, says ISS ESG

The market does not have to 'reinvent the wheel' on the structure of transition bonds to support future issuers, ISS ESG tells Ahren Lester, but a clear definition of what activities demonstrate 'transition' is essential for this potentially large market to grow

European Commission plans to create sustainability database

An EU-wide platform that would provide investors with "seamless access" to financial and sustainability-related information on companies has been made a key part of the EU's plans to deepen the European single market.

The biggest announcements so far from Climate Week

As Climate Week draws to a close, here are some of the most important announcements from an event defined by the coronavirus pandemic.

First used cooking oil futures contracts traded

US-based derivatives marketplace CME Group has confirmed the first trade of the Used Cooking Oil Methyl Ester (UCOME) futures contracts for the European market.

SEC shareholder resolution proposals 'actively muzzle' investor engagement

The US Securities and Exchange Commission (SEC) has approved rules which limit the ability of investors to file shareholder proposals, a move criticised as "actively muzzling" investor pressure on environmental, social and governance (ESG) and other material issues.

Climate stocks shine in year of Covid-19, says HSBC

Companies that earn revenues by providing climate solutions have consistently outperformed in a year marked by the coronavirus pandemic, according to research from HSBC.

Enel, Pimco launch CFO principles for SDGs

Pimco and Enel have helped launch a set of principles designed to drive increased corporate investment in support of the UN Sustainable Development Goals (SDGs).

At least $44bn/year required to double conservation areas, says McKinsey

An additional $20 billion to $45 billion would be required each year - on top of the current $24 billion already being spent - to double the conservation of land and national waters, according to analysts at consultants McKinsey.

Sompo is first Japanese insurer to introduce restrictions on coal

Sompo has become the first Japanese insurer to introduce restrictions on its involvement with coal, although environmentalists argued its policy comes with "significant loopholes".

Bond round-up: VW, Novartis, EIB, Verizon, Rabobank, Qatar ... and more