News

NA100 publishes nature-related engagement expectations, target sectors

ISSB to bring 'substantial costs' to companies, but could lower cost of capital

Applying the standards proposed by the International Sustainability Standards Board (ISSB) could bring "substantial" costs to preparers of the information, but also potential benefits such as a lower cost of capital.

Weakest investor ESG scores for banks 'not priced in' for bonds

Investors' proprietary environmental, social and governance (ESG) scores for major European banks "disagree a lot," and the weakest scores are clearly not priced into bond markets, ABN Amro research concluded.

'New era' for sustainability reporting as IFRS unveils standards

Standards that can provide a "common language" for sustainability-related disclosures have been published, "ushering in a new era" for companies and investors globally, according to the International Financial Reporting Standards (IFRS) Foundation.

UBS, Swiss Life among investors to trial free net zero data platform

Swiss financial institutions LGT Bank, Lombard Odier, Pictet, Swiss Life Asset Managers and UBS are among a small group selected to test a proposed free-to-use climate data platform ahead of its full launch at COP28.

US sustainable bond issuance growth stutters in 2023

US issuers are increasingly stepping back from sustainable bonds in 2023 as issuance falls further behind market-leader Europe.

30% of insurers' investments highly dependent on nature, EIOPA says

About 30% of Eurozone insurers' investments are highly dependent on nature, according to analysis of about €2.3 trillion ($2.5 trillion) of insurers' investments in corporate bonds and equity.

Enel, DZ Bank join Principles ExCom as Fannie Mae exits

Enel, DZ Bank and BNP Paribas Asset Management were among those elected to the executive committee (ExCom) which develop the influential sustainable bond principles, but Fannie Mae's exit marks a quick end to US issuer representation on the executive.

People moves 23 June, including Blackstone, Moody's, Temasek and more

Church Commissioners for England renounces oil and gas majors

Church Commissioners for England has divested 11 oil and gas firms, including BP, Shell and Total, because of their lack of action to address climate change.