News

People moves, 7 July: PRI, HSBC, Standard Chartered ... and more

More than 90 investors demand removal of climate disclosure opt-out in CSRD

A group of 93 investors and other financial institutions has signed a letter urging the European Commission to remove a proposed opt-out in corporate disclosure rules for aspects including greenhouse gas (GHG) emissions.

Sustainable bond strategies 'most sought after' by insurers

Dedicated sustainable bond strategies are the fixed income investment strategies that are likely to be in most demand by European insurers over the next year, according to a report.

Indonesian fintech social loan is 'great social impact financing'

US social impact investor Community Investment Management (CIM) has provided a $100 million social loan to Indonesian microfinance fintech firm Amartha Mikro Fintek to support financial inclusion in the country.

Loan round-up: Klaveness, shipping sector spotlight, Seeka, Amartha ... and more

CDP: 90% of companies failing to set 2025 deforestation targets

More than 90% of companies that reported to CDP have yet to publicly commit to ending deforestation by 2025 for at least one commodity.

Investors 'starting to price-in biodiversity risk'

Biodiversity-related policy events such as COP15 triggered stock downturns in companies with the largest biodiversity footprints, according to research.

Singapore plans massive expansion in ISSB-style climate reporting

Singapore has revealed plans to drastically expand the number of companies that have to report their emissions, adding that the disclosures will be in line with IFRS's new climate standards.

CSRD materiality opt-out risks undermining EU's sustainable finance package, warns CDP

Proposals for corporate disclosure rules that could allow companies to opt-out of providing sustainability-related information risk undermining the objectives of the EU's broader sustainable finance package, according to an executive at CDP.

NZIA ditches all emissions targets for insurers

The Net-Zero Insurance Alliance (NZIA) has scrapped all requirements for member firms to set and publish emissions reduction targets following a mass exodus of members in recent months.