News

  • ECB uncovers 'staggering' misalignment of bank lending with climate targets

    24 January 2024

    'Staggering' misalignment of Eurozone bank lending portfolios with climate targets has been uncovered by the European Central Bank (ECB), as it warned of a pressing need to act amid rising litigation, financial and reputational risks.

  • ESG ratings failure lands real estate investor in hot water with French regulator

    24 January 2024

    A real estate investor has been hit with the prospect of a fine for failures relating to how it used ESG scores to inform its investments.

  • Users may need to tweak our climate scenarios, says NGFS

    24 January 2024

    Users of models to project the impacts of climate "should determine and be prepared to justify" which scenarios best suit their needs, the Network for Greening the Financial System (NGFS) has said.

  • EFRAG consults on SMEs European Sustainability Reporting Standards

    23 January 2024

    European Sustainability Reporting Standards (ESRS) for small and medium-sized enterprises (SMEs) have been published for consultation.

  • LCH launches green bond repo collateral basket

    23 January 2024

    LCH RepoClear has launched its first dedicated euro-denominated green bond general collateral basket for repo products.

  • Tesco's investors asking further questions on nature

    23 January 2024

    Investors of supermarket giant Tesco are asking more questions about its sourcing policies, specifically about how these impact nature.

  • Record 2024 start for sovereign sustainable bond issuance

    23 January 2024

    Sovereign sustainable bond issuance has already set a record for January issuance in 2024, as governmental issuance looks set to build upon the landmark total set in 2023.

  • French regulator turns mystery shopper to check asset managers live up to sustainability promises

    23 January 2024

    France's financial markets regulator will conduct spot checks of asset managers to check whether their voting and engagement practices meet the standards claimed in their marketing.

  • Investors' scenario testing not recognising full climate risk, warns academic

    23 January 2024

    The climate scenarios currently used by investors are not fit for purpose and do not adequately assess the full extent of risks, an academic has warned.

  • Fund managers face SDR challenge to define 'sustainable', law firm says

    23 January 2024

    Fund managers looking to adhere to the UK's forthcoming fund labelling and disclosure regime are to face a significant "subjectivity-related challenge" in determining what qualifies as sustainable, according to law firm Pinsent Masons.