News

Nuveen creates Scope 1 and 2 emissions database, as data providers lack 'high quality'

Scope 1 and 2 emissions data from data providers is "not of high quality", Nuveen has claimed, as the investment manager said it created a proprietary database to manually record this data for its Global Real Estate Carbon Reduction Fund.

Loan round-up: Axpo, Lion's Head, Polestar ... and more

BlackRock backs German low-carbon transition with $200m investment

BlackRock has made a $200 million investment in a German solar business through its recently launched Global Renewable Power IV fund.

Environmental Finance reveals annual Environmental Market Rankings winners

Environmental Finance is delighted to announce the winners of its 2023-2024 Environmental Market Rankings.

SEC poised to unveil hotly anticipated climate rule

The US Securities and Exchange Commission (SEC) is to unveil its hotly anticipated climate rule next week, when commissioners will vote on adoption of the file.

Bond round-up: Canada, Dubai Islamic Bank, Tui ... and more

ICMA working group considering including avoided emissions in bond, loan principles

The International Capital Market Association (ICMA) has set up a working group to consider including 'avoided emissions' in principles for sustainability bonds and loans.

EU due diligence rules 'back to square one' as countries reject text

The EU's Corporate Sustainability Due Diligence Directive (CSDDD) is in peril after EU member states voted down the latest text, forcing it back to the European Parliament just three months before the end of its mandate.

'Appalling inaction' on deforestation by BlackRock, Vanguard, Wells Fargo

BlackRock, Vanguard and Wells Fargo have been accused of "appalling inaction" on deforestation by NGO Global Canopy, which criticised the lack of policies and continued financing of deforestation over the past decade.

European Parliament passes 'world first' nature restoration law

Investors have welcomed the European Parliament passing the "world first" Nature Restoration Law, calling it a "watershed" moment for a nature-positive economy.