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Credit Suisse: Another headwind for 'green' AT1 bonds
21 March 2023The proposed wipe-out of additional tier 1 (AT1) bondholders as part of the Credit Suisse "merger" with UBS has sent prices of the limited 'green' AT1 issuances lower, providing a further headwind for the rare instrument.
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FCA warning on ESG benchmarks 'to be welcomed by investors', says Osmosis
21 March 2023Osmosis Investment Management has welcomed a warning from the UK's Financial Conduct Authority (FCA) that it is prepared to take action to tackle poor disclosures by providers of ESG benchmarks.
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Biden vetoes Republican objection to ESG rule
21 March 2023 -
Verra defends REDD forestry credits
21 March 2023The CEO of Verra has hit back at media reports criticising the firm's forestry standard, describing some of the claims as preposterous.
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IPCC report an 'unequivocal case for action', says Impax
21 March 2023The latest report by the Intergovernmental Panel on Climate Change (IPCC) presents the "unequivocal case for action" needed to reduce the ambition gap, Impax Asset Management has told Environmental Finance.
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Terra Motion prepares science-based peatland carbon standard
21 March 2023 -
UK FCA warns of action on ESG benchmark failings
21 March 2023The UK's Financial Conduct Authority (FCA) has warned it is prepared to take action to tackle poor disclosures by providers of ESG benchmarks, as it identified failings in several areas by all providers.
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Redwheel sells H&M over climate transition 'warning flag'
21 March 2023Redwheel's global equity fund has sold its shares in clothing company H&M over a 'warning flag' that it was not doing enough to reduce its climate impact.
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'Sharp emissions reversal' needed to meet 1.5°C, warns Lombard Odier
20 March 2023A "sharp reversal in current trends" is needed, if the 1.5°C global temperature increase limit is to be met, Lombard Odier has warned.
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Combating inflation best way to support green investments, ECB says
20 March 2023The European Central Bank (ECB) has scotched a suggestion that it could introduce measures to insulate climate-themed investments from inflation, as it said ensuring price stability over the medium term is the best way to ensure inflation does not impair the energy transition.