News

UK readies sustainability disclosure overhaul with ISSB consultation

The UK will early next year consult industry on overhauling its disclosure rules to make it mandatory to report in line with international sustainability disclosure standards, the Financial Conduct Authority (FCA) has revealed.

TNFD developing 'mission critical' free nature data facility

Work has begun on development of a global, publicly accessible facility to provide nature-related data that could help investors, according to a group led by the Taskforce on Nature-related Financial Disclosures (TNFD).

People moves, 11 August: Barclays, Finnish church pension fund, GSIA, Verra ... and more

Australian regulator launches 'greenwashing' case against Active Super

The Australian Securities and Investments Commission (ASIC) has started legal proceedings against the AUD26 billion ($17 billion) Active Super which allege "misleading conduct and misrepresentations" around its responsible investment fund.

Hold agribusiness to account for impacts on nature, expert group urges

Robust governance frameworks should be introduced that force food commodity traders to provide "full traceability and enhanced transparency" of their impacts on nature, in a way that would help investors accurately value products and their impacts, an expert group has urged.

Loan round-up: Queenstown Airport, Renewi, Lumos Fiber ... and more

Blackstone raises $7bn for 'energy transition' private credit fund

US investment management giant Blackstone has raised $7.1 billion at final close of its energy transition credit fund, in what it claimed is the largest such private credit fund globally.

CommBank oil and gas funding exit sends 'stark warning' to industry

The Commonwealth Bank of Australia (CommBank) has ruled out direct finance for any new or expanded oil and gas projects in its updated climate policy, described by one campaigner as putting the lender "well above its peers" on climate.

Bond round-up: Akbank, Tier 2 spotlight, IDB Invest ... and more

BlackRock targets NZD2bn New Zealand climate infrastructure fund

BlackRock is preparing to launch a NZD2 billion ($1.2 billion) New Zealand-focused climate infrastructure fund, which the US asset manager said is expected to be the "largest single-nation decarbonisation investment initiative" to date.