News

Impact label is 'crucial' to SFDR success, impact leaders urge

Tennessee sues BlackRock over 'false or misleading' ESG claims

The Attorney General of Tennessee has accused BlackRock of making "false or misleading" claims about "the extent to which environmental, social and governance (ESG) considerations affect BlackRock's investment strategies".

Banks' disproportionate lending to high-emitting sectors poses stability risks, ECB warns

Eurozone banks lend "disproportionately" to high-emitting sectors and thereby risk financial instability, the European Central Bank (ECB) has warned, as it called for a tougher strategy to tackle such risks that could include increased capital requirements.

'Blue' bond guidance will support market in 2024 - but not debt-for-nature swaps

Recent guidance around 'blue' bond issuance to support the growth of the water-focused sustainable bond market could result in debt-for-nature swap transactions dropping the blue bond label, according to Sustainable Fitch.

Integrating nature a way to manage risk in renewable energy, says Octopus

Delivering a positive impact on nature is a key aspect of managing risk as a renewable energy investor, Octopus Energy Generation Fund Management has said, as it mulls investing in nature-based solutions carbon credits.

Mitsui OSK Lines to issue 'first' shipping firm blue bond

Japanese firm Mitsui OSK Lines plans to raise JPY10 billion ($70 million) through a blue bond in January, believed to be the first issued by a shipping firm using recent International Capital Market Association (ICMA) guidelines.

Investor interest spurs PRI to consider expanding sovereign engagement pilot

Rapidly growing interest among investors to collaboratively engage with countries on their climate strategies has led Principles for Responsible Investment (PRI) to study whether it can extend a pilot exercise to other sovereign issuers.

EBA proposes EU develops 'two-tier' green loan standard

The European Banking Authority (EBA) has proposed that the EU develops a voluntary EU Taxonomy-aligned EU green loan and mortgage standard similar to that for green bonds, but that a second non-taxonomy aligned tier should be allowed for a period of time.

UNDP launches nature project finance finder

The UN Development Programme has launched a database to help match nature projects with private and public funding.

Fund managers face tougher 'sustainable' fund name test under EU rules

Fund managers seeking to market their products as 'sustainable' must ensure that a minimum of 80% of their investments match the description, if they are to meet toughened guidelines due to be published by the EU regulator next year.