Archive

GAM: Bank, insurer green bond focus 'amplifies' investment impact

The Swiss asset manager has been "positively surprised" by the financial institution response to engagement by its ground-breaking green bond fund, Ahren Lester reports

Nature-related sovereign issuances set to grow, Insight predicts

Innovative nature-related sovereign issuances are set to increase, especially in emerging markets, an executive at Insight Investment has predicted.

US banks facing NYC pension fund pressure on climate targets

Bank of America, JP Morgan Chase and Goldman Sachs are preparing to face a shareholder vote on a resolution asking them to set absolute greenhouse gas (GHG) emissions reductions targets, as a major investor criticised them for "lagging peers" in this area.

Investor-backed alliance calls for marine project proposals

Macquarie sells wind farm stakes to Equitix

'Reasonable to expect' banks will meet ECB climate expectations, says Elderson

It is "reasonable to expect" Eurozone banks will, by 2024, close the gap between their currently inadequate disclosures on climate-related risks and the expectations of the European Central Bank (ECB), according to a senior central banker.

ECB and EIOPA call for EU wide natural disaster insurance scheme

The creation of a pan-EU public scheme for "less frequent, large-scale disasters" could complement existing insurance offerings and contribute to closing the climate insurance protection gap, two major European supervisors have said.

CBI climate resilience taxonomy expected in 'next few weeks'

The Climate Bonds Initiative (CBI) is expecting to publish the first framework paper for its climate resilience taxonomy in the next few weeks, according to its chief executive.

ECB warns banks are still failing on climate disclosures, and threatens action

Eurozone banks have been given a stern warning by the European Central Bank (ECB) that it is ready to act if they do not improve "insufficient" disclosures on climate ahead of rules coming into force this year.

US 'working on' investing $50m in TIG forestry strategy