News

BP climate target rowback will not shake faith in 'say on climate', says Allianz GI

UBP optimistic despite biodiversity fund halving in size

After a difficult year that saw its biodiversity-themed listed equities fund halve in size, demand for nature financing will grow due to policy changes and the effects of the COP15 agreement,...

Singapore consults on 'measures-based' taxonomy for industrials

Singapore has proposed a 'measures-based approach' for the industrial sector in its taxonomy, under which companies would be encouraged to take action to reduce their emissions, such as retrofitting to deliver energy efficiency gains.

Carney: More capital must be allocated to help dirty companies transition

The bulk of capital needs to flow to companies that are not yet aligned with the goals of the Paris climate agreement but need investment to help them shift, Mark Carney has said.

Sustainable Bonds Insight 2023 published

After jumping to become a trillion-dollar market in 2021, challenges wrought by geopolitical conflict and inflation brought the more than a decade long growth of sustainable bond issuance to an abrupt end in 2022.

HSBC: Biodiversity investing in its 'infancy'

Biodiversity-related investing is "in its infancy" with only a "limited" number of relevant investment products available to investors, an executive at HSBC Asset Management has said.

Expect more 'social' talk from US bond fund managers in 2023, says Impax AM

Impax Asset Management (Impax AM) said US bond fund managers are expected to focus more on 'social' finance in 2023, after the US government-owned mortgage agencies launched 'social scores' for their huge mortgage-backed securities programmes.

Scope 3 reporting in Australia needed to 'even the playing field', RIAA says

An Australian investor group has called for the introduction of mandatory disclosures of Scope 3 emissions, to "even out" the competition the country is facing with other markets on sustainability.

Minimum standards for ESG benchmarks would face 'strong pushback', PwC says

The creation of mandatory minimum standards for all environmental, social and governance (ESG) indexes in the EU would likely face "strong pushback", PwC has warned in a report to the European Commission.

Emirate of Sharjah issues first Gulf state sovereign sustainability bond

The Emirate of Sharjah has raised $1 billion from the first sovereign sustainable bond from a Gulf state country and first sustainability bond from a Middle Eastern nation, with the deal more than twice oversubscribed.