Thomas Cox

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.

Foresight launches sustainable fund targeting 'digital economy'

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.

ING restricts new oil and gas field finance

Future Planet Capital launches €20m oceans fund

UK impact-led venture capital firm Future Planet Capital has closed its ocean-focused "mandate" at €20 million ($22 million).

NGFS: Central banks should respond to nature risks

Central banks and supervisors should consider nature-related financial risks to fulfil their mandates, as failure to account for these risks could threaten financial stability, NGFS has said.

Bond round-up: L'Oreal, Segro, Philippines, Telia, Lanxess ... and more

TNFD: Materiality distinctions 'aren't necessarily helpful'

The different sustainability materiality terms could converge as their separation may not be helpful, a top executive at the Taskforce on Nature-related Financial Disclosures (TNFD) has said.

45% of NIB environmental bond activities EU Taxonomy-aligned

45% of the activities funded by Nordic Investment Bank (NIB)'s environmental bonds (NEBs) fully align with the EU's taxonomy of sustainable activities, analysis has suggested.

NIB: Ukraine invasion could create medium-term green growth

Russia's invasion of Ukraine could trigger medium-term growth in the renewables market, as countries seek to reduce their dependence on fossil fuels imported from Russia, an executive at the Nordic Investment Bank (NIB) said.