Archive

Allianz votes against Australian oil and gas transition action plan

IFC backs BNPP Poland with $548m sustainable significant risk transfer

BNP Paribas Bank Polska (BNPP Poland) has agreed a $548 million synthetic significant risk transfer transaction (SRT) with the International Finance Corporation (IFC) which will help it to issue sustainable loans.

Church of England to back climate disclosure shareholder proposals for US banks

The Church of England Pensions Board will vote in favour of measures that could force several US banks, including Bank of America, Goldman Sachs and Morgan Stanley, to disclose the level of their fossil fuel financing relative to that for clean energy.

SUSI Partners reopens Asia Transition Fund with Philippines investment

No Scope 3 'loophole' in our rule - but qualitative info may be required, says SEC

Companies will not be required to give quantitative disclosures of greenhouse gas (GHG) emissions outside their direct control under the Securities and Exchange Commission (SEC)'s climate rule - but they may have to provide qualitative disclosures, it has said.

SSBJ issues draft sustainability disclosure standards

The Sustainability Standards Board of Japan (SSBJ) has issued three exposure draft disclosure standards it said are aligned with the International Sustainability Standards Board (ISSB) IFRS standards.

Transition Plan Taskforce unveils financial institution sectoral guides as regulation looms

Sector-specific guides on climate transition plan disclosure by asset owners, asset managers, banks and corporates in high-emitting sectors have been published by a group whose work is being closely watched by regulators preparing to govern the practice.

European ESG fund market to reach €9.4trn by 2027, says PwC

Assets in environmental, social and governance (ESG)-focused funds in the EU are forecast to reach €9.4 trillion ($10.2 trillion) by 2027, after PwC Luxembourg reported a jump to more than €6 trillion in 2023.

Sarasin urges precautionary approach for Basel climate disclosure requirements

Sarasin & Partners has urged the Basel Committee on Banking Supervision to require disclosure of the results of climate stress tests and of how climate-related risks translate into risks to capital adequacy.

Exclusive: Franklin Templeton launches global green bond fund

Franklin Templeton has launched its first global dedicated green bond mutual fund, five years after it launched its debut Euro-focused green bond exchange-traded fund (ETF).