Ahren Lester

Deutsche Bank's tightened fossil fuel policy judged 'unambitious'

Deutsche Bank has tightened its fossil fuel policy to include exiting from coal mining investments by 2025, strengthening its stance towards coal power and restricting oil and gas sector financing - but campaigners continued to criticise the lender for its lack of ambition.

US retirement plan proposals on ESG 'off-the-mark', says SASB

The Sustainability Accounting Standards Board (SASB) has called on the US Department of Labor (DoL) to withdraw proposed retirement plan rule changes, which were accused of seeking to "tamp down" environmental, social and governance (ESG) investing.

EU recovery fund deal could boost green bond market: S&P

A massive potential 'green' debt issuance to fund the EU coronavirus (Covid-19) recovery plan could help crowd-in further green private capital to the market, S&P Global Ratings tells Ahren Lester.

Foresight validates wind farm in EU Taxonomy compliance push

Foresight has attained EU Taxonomy validation for its 231MW Swedish wind farm project, as it sets out to build one of the first Taxonomy-compliant investment funds.

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.