News

NBIM to demand net zero targets of all portfolio companies

Norges Bank Investment Management (NBIM) has warned the biggest polluters in its vast investment portfolio that it expects them to set targets to hit net zero by 2050 "as a matter of urgency", ahead of potential divestment from companies with "high and unmitigated climate risks".

'Carbon allowances have merit for impact investors', argues Morningstar

Impact investors can buy carbon allowances, or credits, to help combat climate change, argues Morningstar.

Cbus leaves NZAOA

Australian fund Construction and Building Unions Superannuation (Cbus) has left the Net Zero Asset Owner Alliance (NZAOA) voluntarily so it can focus its resources on its "internal activities"

S&P slashes 2022 sustainable bond forecast by 40%

S&P Global Ratings now forecasts $865 billion will be raised through sustainable bonds in 2022, which represents a 40% cut in its previous annual expectation and a 16% reduction on 2021 issuance volumes

ECB reveals three-pronged approach to incentivise decarbonisation

The European Central Bank (ECB) will from next month use a three-pronged approach to 'tilting' its purchases of corporate bonds towards those from issuers with higher climate scores, as it looks to incentivise issuers to decarbonise.

Inaugural Environmental Finance Sustainable Company Awards winners revealed

The inaugural winners of the annual Environmental Finance Sustainable Company Awards have been announced

Onshore Chinese green bonds pose challenge for international investors, says HKMA

Onshore green bonds in mainland China are "difficult" for international investors to fit into their sustainability strategies because issuance frameworks often diverge from international norms, said the Hong Kong Monetary Authority (HKMA).

AXA-backed firm launches 1,000-hectare forest programme

Carbon offset firm Shared Wood Company (SWC), which is supported by AXA Investment Managers (IM), has launched a 1,000-hectare tree-planting programme in France in its first deal.

People moves 16 September: State Street, UBS, US SIF ... and more

Exchange for 'impact' US equities expected in 2023

Green Exchange has said it is in discussions with the US Securities and Exchange Commission (SEC) to register a new equities exchange dedicated to "bridging the gap" between investors and public companies seeking to make positive environmental impact.