News

CBAM must include manufactured products to avoid 'carbon leakage'

The ground-breaking carbon border adjustment mechanism (CBAM) proposed by the EU could have the unintended consequence of creating more 'carbon leakage' due to its emphasis on basic materials rather than manufactured products, according to Scope.

BlueOrchard: blended finance needed to solve inequality, 'the greatest threat to humanity'

Impact investor BlueOrchard called for greater "cross-sector collaboration" between the public and private sectors to help tackle inequality, which it branded "the greatest threat to humanity".

Loan round-up: EPM, Vakifbank, Turkish loan spotlight, Man, Action Enfance ... and more

COP15: Agreement adds impetus to investors' engagement, says UBS

The global biodiversity framework agreed at COP15 this week can add energy to investor engagement with companies on the topic of nature, according to a large asset manager.

Bond round-up: Bank of China, Tokyo Gas, transition bond spotlight, NYC HDC ... and more

COP15: Biodiversity framework will aid NA100, TNFD, says Robeco

The global biodiversity framework agreed at COP15 this week will contribute to improved data for investors by dovetailing with investor initiatives on disclosures and engagement, according to an investment manager at Robeco.

Nepal-focused impact fund reaches $72m final close

An impact fund that invests in private sector companies in Nepal has reached a final close, at $72 million.

Nordea launches €20m social bond fund

Nordea Asset Management (Nordea AM) has launched a €20 million ($21 million) social bond fund, amid growing interest in the social bond market from fund managers.

PCAF sovereign debt methodology plugs gap in emissions accounting, says Allianz

The Partnership for Carbon Accounting Financials (PCAF) has published a methodology to help investors in sovereign debt account and report their greenhouse gas (GHG) emissions, which Allianz says helps fill a gap for financial institutions.

COP15 agreement 'significant,' but credit impact depends on implementation

Moody's Investors Service said the UN COP15 biodiversity summit agreement is a "significant milestone" considering the extent of natural capital risk in debt markets,...