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Impact at scale: Bain Capital Double Impact
30 July 2021In the latest in a series of articles on large private equity impact funds, Bain Capital tells Michael Hurley how the firm is investing for impact
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Initiative launches to build 'integrity' in voluntary carbon markets
29 July 2021An initiative supported by the organisers of COP26 and US Special Presidential Envoy for Climate John Kerry has launched to "improve the integrity of voluntary carbon markets" through measures including guiding companies on what constitutes a high-quality carbon credit.
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Giant $12bn impact haul led by Carney, Paulson funds
28 July 2021Climate-themed impact funds by private equity giant TPG and alternatives asset manager Brookfield have raised a combined total of $12.4 billion to invest in areas including renewable energy, transport and agriculture.
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Only 0.5% of all healthcare funds aligned with SDG 3 - MSCI
26 July 2021Only about 0.5% of all healthcare funds globally showed greater than 50% alignment with UN Sustainable Development Goal...
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Stock exchanges significantly improved on ESG, says industry body
16 July 2021The World Federation of Exchanges (WFE) has found a marked rise in sustainability engagement among stock exchanges
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TCFD forward-looking proposals detrimental for asset owners, says TPI
16 July 2021The Transition Pathway Initiative (TPI) says its asset owner members are concerned at "significant gaps and technical weaknesses" in proposals by the Task Force on Climate-related Financial Disclosures (TCFD), in a fierce rebuttal of plans to recommend 'forward-looking' climate reporting.
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Hong Kong appoints sustainable finance group to bolster disclosures
15 July 2021Hong Kong's securities regulator and central bank have helped create a group of experts to develop sustainability reporting and a dedicated carbon market in the territory.
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ETS reform and carbon border tax in seismic EU policy proposals
14 July 2021Landmark climate-related policy reforms have been set out by the EU that will see the bloc's emissions trading system (ETS) cover buildings, road transport and shipping, and put a price on emissions linked to imports into the EU.
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GRI joins EFRAG to begin work on CSRD reporting standards
09 July 2021A group of experts has begun work to develop EU-wide sustainability reporting standards and joined with the Global Reporting Initiative (GRI) to ensure the standards inform, and are informed by, global efforts at standardisation.
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SEC's Gensler says investors should see data to back ESG fund claims
08 July 2021US Securities and Exchange Commission (SEC) chair Gary Gensler says he has asked the regulator to investigate whether to introduce rules requiring sustainability-themed funds to disclose the criteria and underlying data they use, to help investors judge fund claims.