News

Allspring launches climate transition fixed income fund

Exclusionary strategies could spark 7% drop in stock prices of 'brown' firms, BIS report says

The exclusion of high-emitting 'brown' firms by sustainability-minded investors could lead to a 7.1% drop in stock prices of these firms over 10 years, according to a modelling exercise by academics.

ExxonMobil pension fined for missing climate reporting deadline

People Moves, 29 September: AXA IM, Just Climate, Agilitas, General Atlantic, UKSIF... and more

UK banks, insurers told by regulator to improve climate accounting processes

UK banks and insurers have been urged by their regulator to "establish clear plans and timeframes for developing climate accounting capabilities", as it reminded them of expectations to measure and manage climate risks.

Natural Capital Investment Americas 2023: TNFD and biodiversity COP 'signals' to Verra to certify biodiversity credits

Growing demand from project developers and the rise of a nature-related disclosure framework means there are now "enough signals" for Verra to address biodiversity by developing a crediting methodology, an Environmental Finance conference has heard.

Financial institution SFDR reports fail to explain adverse impacts, regulators say

Financial institutions need to improve how they explain why they do not consider the adverse impacts of their investment decisions, EU regulators have said.

Australian companies lagging in net-zero targets, says Climate Action 100+

Australian companies are "lagging in their climate ambition", according to assessments by Climate Action 100+ (CA100+).

Report reveals top insurers of US coal

Global insurers AIG, Liberty Mutual, Lloyd's of London, Swiss Re and Zurich are among the top insurers of US coal mining, according to findings from Insure Our Future and Public Citizen.

Green bond regulation, SFDR guidance among ESMA's 2024 priorities

The EU's securities markets regulator has said it will "seek to improve the overall consistency and efficiency of the regulatory framework" governing sustainable finance in its 'strategic priorities' for next year, as it awaits the result of a review of the Sustainable Finance Disclosure Regulation (SFDR).