News

• Financial institutions in scope of EU due diligence rules after vote

  26 April 2023

  Financial institutions would be required to disclose climate transition plans and conduct due diligence to ensure they do not contribute to negative impacts across their value chain, under new rules agreed by an influential EU Parliamentary committee.

• Aviva Capital Partners to inject £20m into low-carbon modular housebuilder

  25 April 2023

  Aviva's Capital Partners (ACP) is to invest £20 million ($24.9 million) into the equity of TopHat, a manufacturer of modular, low-carbon homes, to finance a new factory employing 1,000 workers.

• Singapore and China to make taxonomies interoperable

  25 April 2023

  The Monetary Authority of Singapore (MAS) and the People's Bank of China have announced plans to make the Singaporean and Chinese sustainability taxonomies interoperable, as part of deeper sustainable finance cooperation between the two nations.

• Sustainable bond issuance stages comeback in first quarter 2023

  25 April 2023

  Sustainable bond issuance hit volumes in the first quarter of 2023 not seen since the record-breaking quarters in early 2021, with green and sustainability-linked bonds both getting off to a good start.

  

• AIGCC launches China working group

  25 April 2023

  The Asia Investor Group on Climate Change (AIGCC) has launched a China-focused working group, to provide investors better access to sustainable investment opportunities.

• Axa IM targets biodiversity positivity for fund in 2030s

  25 April 2023

  Axa Investment Managers wants one of its biodiversity funds to have an overall contribution to biodiversity improvement within the 2030s, a fund manager has said.

• LGIM votes against 32 firms in 'say on climate' proposals

  25 April 2023

  Legal & General Investment Management (LGIM) revealed it voted against 32 firms (67%) out of 48 'say on climate' shareholder proposals in 2022, as it prepares to pressure several US banks and corporates in coming weeks.

• Transition plans key to stave off threat to financial stability, says Aviva's Waygood

  25 April 2023

  Unless a material price on carbon is reached and governments come up with 'sectoral transition frameworks', the world faces a threat to international security and financial stability, according to Aviva Investors.

• IAASB brings forward sustainability assurance consultation

  24 April 2023

  The International Auditing and Assurance Standards Board (IAASB) has brought forward the planned date for consultation on an international standard for assurance of sustainability-related information, citing public feedback which urged it to do so.

• Nature-related sovereign issuances set to grow, Insight predicts

  24 April 2023

  Innovative nature-related sovereign issuances are set to increase, especially in emerging markets, an executive at Insight Investment has predicted.