News

MAS to consult on coal-phase out within Singapore taxonomy

The Monetary Authority of Singapore (MAS) is to launch a consultation on the inclusion of managed phase-out of coal fired plants within Singapore's 'green' taxonomy.

BNP Paribas AM welcomes pharma biodiversity good practice proposals

BNP Paribas Asset Management (BNP Paribas AM) has welcomed voluntary good practice guidance from an industry initiative aimed at reducing the biodiversity impact of the pharmaceutical sector.

NGFS transition plan 'stocktake' due this week

The Network of Central Banks and Supervisors for Greening the Financial System (NGFS) will publish its "stocktake" on transition plans this week, which one official said will demonstrate how "inconsistent" the global picture is.

Europe 'more highly exposed' to negative biodiversity impact

Europe is more highly exposed to negative biodiversity impact than other regions including the US, with emerging markets also "slightly ahead" on developing 'positive' biodiversity solutions.

Sustainable funds grow globally despite regional outflows

While global sustainable assets continued to rise, large outflows in many regions slowed the global pace of investment in the first quarter of 2023.

WWF fisheries fund targeting supply chain sustainability improvements

Recommendations on TNFD nature data utility 'due next month'

A group set up by the Taskforce on Nature-related Financial Disclosures (TNFD) to explore the creation of a database of nature-related information, similar to one being planned for climate change, will submit its recommendations in June, a member of the group has said.

EU climate benchmark funds hit €58bn in assets

Funds managing assets in compliance with EU climate benchmarks have hit about €58.3 billion ($63 billion), according to estimates by the European Commission.

China legacy green bond 'common ground taxonomy' relabelling due soon

The China Green Finance Committee is preparing to publish its methodology for relabelling existing Chinese green bonds as being in alignment with the 'common ground taxonomy' (CGT) in a "couple of months' time".

People moves, 26 May: Verra, Allianz GI, Standard Chartered, Federated Hermes ... and more