Archive

Actuaries crunch the numbers on climate scenarios - and warn many are 'implausible'

A membership body for actuaries has warned financial institutions against relying unquestioningly on climate-related scenarios, with results from some models "far too benign and, in some cases, implausible".

Axa: €1bn invested in one of our portfolios degrades biodiversity in area ¾ the size of Paris

Investing €1 billion in one of Axa Group's portfolios had an impact on biodiversity equivalent to degrading a pristine area "three quarters the area of Paris", the insurer said, based on a modelling exercise.

Banks 'concerned' at EU corporate reporting standard draft

Several European banks are concerned at the recent publication by the European Commission of draft standards for corporate reporting, which they fear will make meeting their own disclosure obligations tougher.

Franklin Templeton's Martin Currie launches social impact fund

Martin Currie, a Franklin Templeton investment management firm, has launched a social impact fund focusing on well-being, inclusion and the just transition

UK ETS cap lowered and scheme extended to new sectors

The UK government has announced that it has lowered the carbon emissions cap for existing sectors covered by its emissions trading scheme (ETS), whilst also extending it to cover the domestic maritime transport and waste sectors.

Vancity: Costco 'expected' to be targeted by NA100

Costco Wholesale is "expected" to be one of the companies targeted by the Nature Action 100 (NA100), Vancity Investment Management (VCIM) has said.

EU banks devising guide to overcome struggles with ESG regulation

Eurozone banks wrestling with their reporting requirements under EU regulation are together writing guidance on disclosing their climate-related physical risks.

Chile enhances its SLBs in latest issue, and promises more to come

The return of Chile to the sustainability-linked bond (SLB) market has been praised for the addition of a more diverse target mix - becoming the first sovereign SLB issuer to include a gender target.

Sustainable Fitch launches oil & gas transition assessment

Sustainable Fitch has launched a transition assessment tool for oil and gas companies, to "provide greater visibility on targets, commitments and actions to date".

Thailand launches taxonomy including some gas