Transition

Political climate apathy means more pressure on private finance - EIB's Calviño

Converging crises that place more emphasis on defence and competitiveness have forced the energy transition into "a new phase" in which there is more reliance on the private sector, the president of the European Investment Bank (EIB) said.

Bank of England adjusts collateral policy to consider climate risks

The Bank of England will no longer accept bonds issued by corporates that derive revenue from thermal coal mining as collateral, as part of wider efforts to 'green' its lending and investments.

Bloomberg expands Transition Toolkit

Permira makes 'transformative investment' in CDP, as it becomes 'commercial entity'

Private equity giant Permira has invested an undisclosed sum in CDP, as the disclosure platform transforms from non-profit to a for-profit organisation.

Better capex data is not a 'nice to have' for investors, webinar hears

While corporate capital expenditure (capex) data offers investors "a clear signal of low-carbon transition credibility", investors are increasingly demanding better data, an Environmental Finance webinar heard.

'Any EU public sector debt to automatically qualify for new SFDR transition label'

EU countries are preparing to recommend allowing general purpose debt issued by EU-based public sector bodies as eligible under the Sustainable Finance Disclosure Regulation's (SFDR) new transition label, according to a leaked draft obtained by Environmental Finance.

Lack of actionable adaptation investments, says Aberdeen

There is abundant ambition around adaptation, but not enough actionable investment opportunities or metrics to identify investments with real impact, according to Aberdeen Investments, which has come up with its own "investment decision-useful" framework.

Storebrand and BNP to lead nature transition group

The Finance for Biodiversity Foundation is launching a nature transition working group in a bid to scale up capital flows towards companies reducing pressure on nature.

ISO standard to 'strengthen accountability' for financial institution transition plans

A first-of-its-kind global standard for financial institutions' transition plans has been launched. Its creators claim it will "strengthen trust, consistency and accountability across the global financial system".

HSBC: We want to be the leading bank for critical transition companies

Companies playing a key role in the transition to a net-zero economy are not getting access to the finance they need, according to HSBC, which is aiming to become the leading lender to critical and fast-growing transition ecosystems.

High impact sustainable bonds overlooked by leading benchmark, says Sustainable Fitch

Investors seeking exposure to high-impact sustainable debt should look beyond the Bloomberg MSCI Global Green Bond Index, according to Sustainable Fitch, as many bonds are excluded on technical grounds despite strong sustainability credentials.

'Transition finance itself is transitioning'

The rapidly evolving geopolitical and socioeconomic landscape is forcing transition finance to reinvent itself, but could also provide a tailwind for the investment theme.

Extreme heat 'emerging as a structural economic risk', warns Allianz

Extreme heat has the potential to hit up to 7% of GDP in major European economies by 2030, and is likely to "compress" expected returns on capital and the value of investments, according to modelling by Allianz.

Iran conflict means more coal - but also ramping up of electrification, says Lord Turner

While the disruption of energy markets caused by the Iran conflict could result in a temporary return to coal in Asia, it could also ramp up the pace of renewables and electrification, according to the Energy Transitions Commission's Lord Adair Turner.