News

Barclays: UK 'Sustainability Improvers' fund label risks being 'catch-all'

The 'Sustainability Improvers' label under the UK Financial Conduct Authority (FCA) voluntary fund labelling rules risks being a "catch-all" investment category, warned Barclays.

New climate finance target 'to be set at next COP'

This year's COP needs to set an enhanced target for climate finance, a pension fund has argued, as the amount mobilised eventually needs to move from the "billions to the trillions".

NZBA welcomes first Chinese member but suffers second bank exit

The Bank of East Asia (BEA) has become the first Chinese member of the Net Zero Banking Alliance (NZBA), but US lender Blue Ridge Bank also became only the second member to "withdraw from" the UN-convened industry group.

UK lawmakers push for tougher financial institutions deforestation requirements

The UK government has been urged by a cross-party political committee to introduce mandatory reporting on deforestation and require financial institutions to carry out due diligence on their contribution to deforestation.

Bond round-up: Austria, Chiba City ... and more

Japfa: SLBs need to offer issuers 'more carrot than stick'

A ground-breaking sustainability-linked bond (SLB) issuer has hit back against investor demands for larger penalties for missing targets associated with the performance-based instrument, arguing that the market needs to offer "more carrot than stick" for issuers.

The top 10 most-read articles of the year and the themes they reveal

The rapidly evolving policy landscape continued to dominate the news in 2023, with EU announcements creating several of the most-read articles on Environmental Finance.

French ruling sees labelled ESG funds forced to divest fossil fuel holdings

A refined socially responsible investment label could see a dramatic phase out of fossil fuel holdings in French environmental, social and governance (ESG) focused funds,...

Pattern Energy signs record-breaking $8.8bn green loan

US renewable energy developer Pattern Energy has secured $8.8 billion of green loan facilities as part of a financing deal for its SunZia wind power infrastructure project, with the deal the largest green loan transaction to date.

Banks and insurers could harness Dutch climate adaptation label - Achmea

A proposed label to show the climate risks faced by properties could be used by banks and insurers in the Netherlands to promote investment in adaptation, an executive at Achmea has said.