Thomas Cox

$9trn PRI-led investor group demands extending scope of EU's CSRD

A $9 trillion group of 54 investors led by the Principles of Responsible Investment (PRI) has asked legislators to extend the scope of the EU Commission's proposed Corporate Sustainability Reporting Directive (CSRD) to include non-listed small and medium-sized enterprises from 'high risk sectors'.

CLP to cut out coal by 2040 following engagement

Hong Kong-based power company CLP Group will drop coal by 2040 and target net zero by 2050...

Util: 'Sustainable' funds have no significant positive impact

US funds labelled as 'sustainable' do not have a significant positive overall impact on the UN's Sustainable Development Goals (SDGs), impact analysis firm Util has found, adding that "an absence of coherent regulation or consensus creates a perfect storm for greenwashing".

Rockefeller AM launches $100m climate fund

Rockefeller Asset Management (RAM) has launched a fund with almost $100 million in assets

Fitch to use RepRisk data for its forthcoming ESG ratings

US financial company Fitch Group is partnering with Swiss data firm RepRisk on its newly launched ESG ratings arm for fixed income.

Bond round-up: UK, KfW, ABN Amro, Serbia, Smurfit Kappa, JSW Steel, GLP J-Reit ... and more

Bloomberg and LSEG launch net-zero initiative

Credit rating agencies, index providers and stock exchanges have launched the Net Zero Financial Services Providers Alliance (NZFSPA).

LPPI commits to net zero by 2050

UK firm Local Pensions Partnership Investments (LPPI) has committed to targeting net-zero greenhouse gas emissions...

BIS economists warn ESG valuations may be 'stretched'

There are signs the ESG valuations might be "stretched", with similarities to some assets before the financial crisis of 2007-2008...

Half of investors have sustainability 'apprehensions', survey shows

51% of investors have "some lingering apprehensions" about sustainability investing...