News

EM sustainability-linked finance should focus on 'super tangible' targets

Sustainability-linked bonds and loans should focus on "super tangible" targets for borrowers in emerging markets and embrace the "creativity" the instrument...

Actis supports EU 'transitional' gas label

Actis has stressed that "gas is a really important transition fuel in some markets" and backed the EU's decision to include gas as a transitional fuel in its list of sustainable activities.

FCA urges ISSB to be flexible on scope 3 disclosures

The Financial Conduct Authority has urged the International Sustainability Standards Board to be more flexible on Scope 3 emissions disclosures.

LMA urges vigilance on 'a la carte' sustainability-linked loans

The Loan Market Association (LMA) said that the sustainability-linked loan (SLL) label should be "earnt, not handed over," as the trade association warned against the development of 'sustainability à la carte'.

Sainsbury's living wage vote 'breaks new ground'

A resolution for UK supermarket Sainsbury's to extend the living wage to indirectly employed staff received 17% support from shareholders...

People moves 8 July: Bloomberg, Standard Chartered, Credit Suisse, Bundesbank, Wells Fargo & more...

ECB tells banks to pressure clients on climate data

The European Central Bank (ECB) has told banks they need to pressurise their clients to disclose more emissions data, after its first climate stress test showed most lenders are not adequately managing climate risks.

Investors may greenwash using SFDR labels, 2DII finds

Financial think-tank 2 Degrees Investing Initiative (2DII) said it had found risks of greenwashing to be particularly high around the use of Sustainable Finance Disclosure Regulation (SFDR) marketing labels by investors, when they are combined with claims of contribution to positive environmental impact.

Data reliability still a 'significant challenge', says NGFS

"Significant challenges" remain on climate-related data and its reliability, according to the Network for Greening the Financial System (NGFS).

Defiant Stuart Kirk quits HSBC amid 'group-think' lambast

HSBC Asset Management responsible investment head Stuart Kirk has resigned after criticising the response of the bank to his controversial comments on sustainable finance...