Christopher Marchant

Nordic green bond issuers criticise EU taxonomy

Nordic local government funding agencies MuniFin, Kommunalbanken and Kommuninvest have jointly published feedback on the EU's proposed sustainable finance taxonomy, warning that it risks undermining the uptake of the EU's planned green bond standard.

130 NGOs and experts criticise proposed EU Taxonomy

More than 130 NGOs and sustainability experts have rounded on the EU's draft taxonomy of sustainable activities, calling for it to more closely resemble a proposal originally suggested by a group of experts.

News Round Up: Moody's, Credit Suisse, Cubico and more

News Round Up: JP Morgan, Morgan Stanley, US Department of Labor, and more

People Moves 11 December: LuxSE, ECB, Impax, GAM, Novo Nordisk, Conquest

$9trn collaboration of asset managers commit to net zero emissions

The Institutional Investors Group on Climate Change (IIGCC) has formed an initiative of asset managers, representing over $9 trillion, which have committed to align their portfolios with the goals of the Paris climate agreement.

Net Zero Asset Alliance paper maps out Paris Alignment for high‐emitting sectors

The Net Zero Asset Alliance in conjunction with the Institute for Sustainable Futures (ISF) has published the 'Sectoral Pathways to Net Zero' paper, which maps out possible 1.5 °C pathways for five key high‐emitting sectors: energy, utilities, materials in specific steel and cement, and transport.

News Round Up: World Bank, Bridgewater, CIMB, and more

NY State Pension Fund to divest from 'risky' oil and gas companies

The $226 billion New York State Common Retirement Fund is moving to divest from the 'riskiest' oil and gas companies by 2025 and has committed to full decarbonisation by 2040.

Handbook for transition finance calls for science-based pathways

The Green and Social Bond Principles has issued a handbook providing guidelines for issuers of climate transition finance, and calling for an issuer's climate strategy to reference science-based targets and transition pathways.