News

  • Verra to cut 25% of workforce

    21 October 2024

    Verra is to cut "roughly 25%" of its workforce, new chief executive Mandy Rambharos has announced, saying the move would allow it to focus "more intently on maintaining the rigour and integrity of our standards programmes".

  • Manager of €100m French listed equities biodiversity fund selected - with RfP for private fund expected in Q1

    21 October 2024

    Sustainability specialist Mirova has won a competitive tender to manage a listed equities fund focused on biodiversity, with a private assets strategy expected to be launched in coming months.

  • Investors 'sick' of SFDR eating into sustainability innovation resource

    21 October 2024

    Investors are "sick" of the onerous EU reporting and disclosure regulation stifling their ability to invest in innovation around sustainable finance, attendees at last week's Environmental Finance Sustainability Data EMEA conference heard.

  • QNB issues 'first' blue bond in Turkiye

    21 October 2024

    QNB Türkiye has raised $125 million from a sustainable bond that includes a ground-breaking 'blue bond' tranche, becoming the first Turkish issuer to come to market with a sustainable water-focused deal.

  • HKMC issues largest social bond in Asia Pacific

    21 October 2024

    Hong Kong Mortgage Corporation (HKMC) has raised around $3 billion from its third social bond transaction, becoming the largest social bond deal in Asia Pacific to date.

  • Supply chain opacity hinders understanding of nature risks, says DWS

    21 October 2024

    An "alarming" lack of interaction between companies and their supply chains is hindering the assessment and management of nature risks, DWS has warned, as it urged investors to engage with portfolio companies on the issue.

  • Cautious reference scenario selection helps avoid greenwashing risk, says Mirova

    21 October 2024

    Careful selection of reference scenarios is key for dodging greenwashing risks when calculating Scope 4 emissions, Mirova told an Environmental Finance event.

  • Sustainability assurance a 'huge opportunity' for auditors, says EIB

    18 October 2024

    Sustainability assurance presents auditors with a "huge opportunity", but investment is needed to improve current capabilities, the European Investment Bank has told an Environmental Finance conference.

  • Current scenario analysis 'not decision useful' for pension funds - for now

    18 October 2024

    High-level climate scenario analysis is not currently used by pension funds to inform investment decisions, an Environmental Finance event heard - but there are ways more focused and short-term scenarios that can be useful now and in the future.

  • BNP Paribas AM 'still exploring whether MSA can be used to steer investments'

    18 October 2024

    BNP Paribas Asset Management has told an Environmental Finance conference that it is "not ready" to use mean species abundance (MSA) to steer its investments, and currently in the process of making sure its nature data strategy is "fit for purpose".