News

• Super fund supporting oil and gas expansion will consider divestment

  14 September 2022

  Australian super fund UniSuper has announced that it will consider divestment from oil and gas companies if they show a "lack of action" and "no viable decarbonisation pathway".

• New Zealand readies sovereign green bond debut

  14 September 2022

  New Zealand has launched its sovereign green bond programme after publishing its green bond framework, with a debut bond expected by the end of 2022...

• EU proposes that financials prove absence of links to deforestation

  14 September 2022

  EU proposals to require financial institutions to demonstrate their activities have no links to deforestation have progressed, after overwhelming approval from parliament.

• Nordea issues innovative 'sustainability-linked loan' bond

  13 September 2022

  Nordic lender Nordea Bank has raised $400 million from a bond to support its sustainability-linked loan (SLL) financing activity, a transaction which one investor in the multi-tranche deal described as an "innovative and creative" way for banks to scale such lending.

• APG, Microsoft invest in €390m climate tech fund

  13 September 2022

  Energy Impact Partners (EIP) has launched a €390 million ($391 million) European fund with support from impact and institutional investors, including Microsoft, Shell Ventures, APG and the Norwegian Ministry of Trade.

• DBS announces decarbonisation targets

  13 September 2022

  DBS has announced 'science-based' decarbonisation targets for seven sectors, as part of its aim to reach net zero by 2050.

• $39trn investor group urges governments to step up climate action

  13 September 2022

  533 institutional investors managing a total of about $39 trillion in assets have urged governments to enact climate policies to leverage private finance.

• All commodities will be judged on environmental impact, says Xpansiv

  13 September 2022

  Every commodity will be valued by its environmental footprint, argues Xpansiv, which is expanding its data offerings in anticipation that demand will grow for environmental, social and governance (ESG) impact data.

• Munich Re calls for more clarity on sustainable underwriting standards

  13 September 2022

  Internal and external standards required to embed sustainability into reinsurers' underwriting activities are not yet established and this is proving a concern for the sector, Munich Re's reinsurance CEO has warned.

• TCFD adoption by exchanges surges

  12 September 2022

  The adoption by global exchanges of Task Force on Climate-related Financial Disclosures (TCFD) recommendations jumped in 2022, according to a survey by the World Federation of Exchanges (WFE).