Archive

Make 'huge' taxonomy extension to cover entire economy, Platform says

The EU's taxonomy of sustainable activities should be extended to essentially cover every economic activity - including to define activities that must be "urgently exited", an expert group has told the European Commission.

ESMA recommends EU tightens carbon market monitoring

European Securities and Markets Authority (ESMA) has recommended that the EU improve transparency and tighten monitoring of the EU Emissions Trading System (ETS) in order to "maintain orderly markets".

Scottish Widows divests from tobacco due to 'stranded asset risk'

Pension and insurance provider Scottish Widows will divest £1.5 billion ($2.1 billion) of assets from companies with exposure to tobacco or some fossil fuels.

HSBC urges investors to support under threat social bond market

HSBC has urged investors to continue to support the social bond market or else it is "under threat", after social investment dropped materially following a boost in the wake of the Covid-19 pandemic.

CIX joins forces with Carbonplace on carbon trading

Carbonplace and Climate Impact X (CIX) have announced a joint pilot designed to lower barriers to entry in the voluntary carbon credit market.

Foresight launches sustainable fund targeting 'digital economy'

Demand for renewables will 'drive investors to green bonds & loans'

ING have said that the drive for renewable energy, caused by Russia's invasion of Ukraine, will drive higher issuance of green, use of proceeds (UoP) loans and bonds, instead of sustainable and sustainability-linked bonds and loans, over the next year.

AXA IM Alts and CAA acquire UK offshore windfarm for £3bn

Mandatory EU GBS key to securing 'gold standard' status, says ISS ESG

Making the EU Green Bond Standard (EU GBS) mandatory might be the "key" to realise its international 'gold standard' potential over its voluntary standard rivals, says responsible investment advisory firm ISS ESG.

GFANZ banks give 'little evidence' of short-term climate plans

The short-term climate targets of the largest banks in the world are insufficient despite their membership of Glasgow Financial Alliance for Net Zero (GFANZ), a report has found.