Ahren Lester

ERAFP opens tender for €1bn multi-asset fund of funds

French pension fund ERAFP has launched a call for tenders for two new diversified fund of funds mandates for a portfolio worth a combined €1 billion ($1.15 billion).

Malaysia launches sustainable finance initiative

Capital Markets Malaysia (CMM) has launched an initiative to spur growth in sustainable financing following recommendations from the nation's securities regulator.

Green and sustainability-linked loan round-up: WDP, Suominen, Acerinox, Downing

Task Force on Nature-related Financial Disclosures working group announced

Ten financial firms have joined a working group to develop a reporting framework for the impact of the financial sector on biodiversity and ecosystems to complement the Task Force on Climate-related Financial Disclosures (TCFD).

PRI reports jump in climate-related reporting among signatories

The Principles for Responsible Investment (PRI) said that reporting against the recommendations of the Taskforce on Climate-related Financial Disclosures (TCFD) among its signatories has jumped after it was made mandatory, but more progress is still needed.

UN's Principles for Responsible Banking tightens signatory scrutiny

Signatories of the UN Principles for Responsible Banking (PRB) have voted to establish a governance body to ensure effective implementation of the commitments, which could ultimately lead to laggards being thrown out.

EU's TEG publishes five principles for sustainable recovery

The EU Technical expert group on sustainable finance (TEG) has proposed five high-level principles for sustainable recovery and resilience that should guide the bloc's stimulus packages in response to the coronavirus (Covid-19) crisis.

SASB and GRI announce sustainability disclosure collaboration

The Sustainability Accounting Standards Board (SASB) and Global Reporting Initiative (GRI) have announced a collaboration to show how their two standards can be used together to help ease the reporting burden.

World Bank launches EM green taxonomy development guidelines

The World Bank has published a guide for Emerging Market (EM) financial regulators that outlines the process required to develop their own taxonomy on activities and assets that can be deemed 'green'.

Australian pension fund to exit coal amid climate announcements

Australian pension fund First State Super has outlined a number of climate change actions and targets, including exiting thermal coal, as it urged other Australian pension funds to do the same.