News

UK nature investment fund first close 'soon', says Lord Benyon

The UK government-backed Big Nature Impact Fund (BNIF) is expected to announce its first close from private investors "soon", according to a senior minister.

Lord Benyon: First UK nature investment standards launch next week

UK Climate, Environment and Energy minister Richard Benyon told an event that the British Standards Institution (BSI) will launch the first of its principles for nature investment markets next week.

UK to update nature markets strategy

The UK government is set to release an updated version of its nature markets framework this week to improve consistency of nature projects, while also looking to expand collaboration with the financial sector.

CT UK Social Bond Fund to target preventative outcomes

Columbia Threadneedle's UK Social Bond Fund will refocus in an attempt to identify "preventative outcomes" as it enters its second decade.

Debt-for-nature swaps not improving issuers' credit ratings

Debt-for-nature swaps have not made any improvement to sovereign credit ratings, according to S&P Global, although it predicted the instrument will continue to gain traction.

Scope 3 disclosure resolutions 'an area of significant contention' in the US

Shareholder resolutions on Scope 3 disclosures remain an "area of significant contention" among US asset managers, Morningstar has said, as it reveals support for ESG-focused resolutions in the country is likely to continue falling.

UK pensions taskforce tells regulators to consider requiring disclosures on social aspects

'Improvements needed across the board' on nature targets, says Phoenix

Improvements are needed "across the board" to help scale up nature target setting - but particularly on data and investor methodologies, Phoenix Group has said.

Key vote on CSDDD delayed again

A key vote for EU countries to approve the Corporate Sustainability Due Diligence Directive (CSDDD) has been delayed again, with Italy and Austria said to be among those to have raised concerns at the latest text.

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