News

Impact investors seek contribution, not 'additionality'

Impact investors increasingly define the outcomes of their investments in terms of 'contribution' to positive impact, rather than seeking to define the difference they make using the divisive term 'additionality', a webinar heard.

NZIA exodus continues as Allianz, Axa and Scor depart

Allianz, Axa and Scor have withdrawn from the Net-Zero Insurance Alliance (NZIA), taking the total number of departures from the coalition to seven.

Phoenix unveils net-zero transition plan

The UK life insurer sets out five key targets to reach interim targets

Loan round-up: NEOM, Citi and Scotiabank

Sustainable bond market risks fragmentation amid 'regulatory overload'

By Ahren Lester at the ICMA AGM in Paris

Sumitomo Mitsui to begin voting against boards on ESG issues

Sumitomo Mitsui Asset Management will for the first time vote against boards that have failed to take action on ESG issues, following six years of engagement with company management.

Railpen welcomes proposed tightening of UK Corporate Governance Code

Pension fund Railpen has welcomed potential changes to the UK Corporate Governance Code to bolster the role of sustainability and ESG reporting in the responsibilities of company board and audit committees.

Common-ground taxonomy to be expanded

The Common Ground Taxonomy (CGT) of sustainable activities is being extended beyond the EU and China, by the International Platform on Sustainable Finance, Ma Jun has said.

Bond round-up: LyondellBasell, Italian finance spotlight, Austria, and more...

EU database for sustainability information to cover green bonds

Plans to create a free-to-use database of EU sustainability disclosures passed a key milestone, after politicians struck an agreement on its development which will extend its coverage to include green bonds.