News

Riksbank warns of financial stability risks from 2.8°C-aligned funds

The holdings in 122 listed equities mutual funds in Sweden are, on average, aligned with a temperature increase of 2.77°C, according to analysis by the country's central bank.

Schroders' BlueOrchard raises $25m for impact fund

Schroders' BlueOrchard has raised $25 million from the Luxembourg Ministry of Finance for its impact fund.

IIGCC publishes oil and gas standard

The Institutional Investors Group on Climate Change (IIGCC) has published a framework to help investors assess how aligned an oil and gas company's transition plan is with a 1.5°C climate scenario.

EU Platform announces data, taxonomy working group leads

Representatives of Axa Investment Managers and SEB have been appointed to lead groups in the EU Platform on data, usability and monitoring capital flows towards sustainable investments.

Hannover Re also parts ways with the NZIA

Hannover Re has left the Net-Zero Insurance Alliance (NZIA) becoming the third re/insurer to depart the alliance in the last four weeks.

Hong Kong to make ISSB-aligned disclosures mandatory

Hong Kong Exchanges and Clearing has announced plans to make climate-related disclosures mandatory in ESG reports from 1 January, 2024.

Bond round-up: TAQA, UAE issuance spotlight, Austria, Hera ... and more

UNEP FI: Finance can already use draft TNFD, despite data gaps

Data gaps need not prevent financial institutions from applying the draft recommendations of the Taskforce on Nature-related Financial Disclosures (TNFD), UNEP FI has claimed.

German 'engagement platform' group to push BaFin for legal assurances

A group developing a German "platform" for collaborative sustainability engagement is to ask regulator BaFin to approve its process, to allay investor fears of being punished for acting in concert.

Austria raises €3bn from shorter-dated green bond

Austria has raised €3 billion ($3.3 billion) from its second green bond as the country looks to build out the yield curve for its green bond programme...