Archive

New benchmark 'could be bellwether index' for sustainable finance

A new index that combines material ESG data with climate transition data could become the "bellwether benchmark" in sustainable finance, its co-creator believes.

Turntide receives $80m in funding

GFANZ issues transition plan recommendations & 'ambition' tracker

The Glasgow Financial Alliance for Net Zero (GFANZ) has issued 10 recommendations for financial institutions to adopt in their net-zero transition plans, including metrics to track portfolio 'ambition', sector-specific pathways and pan-sector strategies to avoid 'paper decarbonisation'.

SUSI Partners transition fund targets €400m

PCAF signs up first mainland Chinese bank

Investors urge mandatory sustainability reporting for food firms

US hedge fund group advocates short-selling to hit ESG goals

Short selling by asset managers can be an effective way of achieving ESG goals if the position is recorded accurately, US alternatives investment industry group Managed Funds Association (MFA) has said.

Australian regulator launches anti-greenwashing fund guidance

The Australian Securities and Investments Commission (ASIC) has launched guidance for sustainability-related products to combat what it called the "growing risk of greenwashing".

LGIM divests two laggards as part of 'climate pledge'

Legal & General Investment Management (LGIM) is to divest two companies from funds managing £87 billion ($105 billion) for failure to take action on greenhouse gas emissions,...

MEPs object to gas, nuclear inclusion in EU Taxonomy

European politicians on two key parliamentary committees have objected to the inclusion of gas and nuclear projects in the EU Taxonomy for sustainable activities,...