Archive

Pension funds could lose €255bn in disorderly transition, first climate stress test reveals

European pension funds could lose up to €255 billion ($272 billion) of assets in a sudden, 'disorderly' transition to a net zero economy because of their exposure to carbon intensive industries, the first climate stress test of the sector has revealed.

COP15: Schroders to file environmental resolutions 'more frequently'

Asset manager Schroders will file resolutions at companies related to sustainability more often in the coming years, an executive has said.

COP15: $24trn investor group calls for agreement on Global Biodiversity Framework

150 financial institutions representing over $24 trillion in assets under management have called on countries to adopt a post-2020 Global Biodiversity Framework at the UN Biodiversity Conference (COP15).

IIX raises $50m with 'world first' green & orange bond

The Impact Investment Exchange (IIX) has raised $50 million with what it said is the first 'green and orange' bond, with proceeds targeted to empower women to advance climate action.

Climate Asset Management raises $650m for natural capital funds

Climate Asset Management (CAM), the joint venture between HSBC and Pollination, has raised $650 million for its two natural capital funds.

UK's FCA appoints ESG advisory committee

Desiree Fixler is among six members of an advisory committee on environmental, social and governance (ESG) issues to have been appointed by the UK's financial services regulator.

ECB to step up scrutiny of banks' transition planning

Banks in the EU have been told to expect scrutiny of their climate transition planning, as the European Central Bank (ECB) outlined its work priorities to 2025.

Environmental Finance reveals annual Market Rankings winners

Environmental Finance is proud to announce the winners of its 2022 Annual Market Rankings.

Mirova to manage €140m nature fund

COP15 agreement 'not only road' to nature transparency

Montreal: Financial institutions will have to report on their nature risks regardless of the outcome of COP15 due to nature-related action from central banks, an executive at Rabobank has said.