News

ECB identifies 'clear gaps' as it readies bank climate inspections

"Clear gaps" remain in most areas of European banks' climate risk management practices, a top executive at the European Central Bank (ECB) has said, as the organisation prepares to conduct on-site inspections of EU banks.

Carney's Brookfield impact fund raises record $15bn

Brookfield Asset Management has raised $15 billion in the final close of its Global Transition Fund, making the Mark Carney co-managed fund the world's largest to be dedicated to impact investing.

Bond round-up: EU, ICBC, Preem, Central Pattana...

Invest 'early & actively' for greater impact in Asia

Impact investing in south-east Asia suffers constraints caused by overseas investors, who are too remotely-based or unwilling to provide early-stage development funding, specialists in the field warned.

Regulator: 'Let's focus more on emissions data, rather than taxonomies'

Focusing on emissions data is a more straightforward way to assess transition strategies, rather than taxonomies, a regulator has suggested.

SEC climate rules not wanted by insurers

III says insurers promote net-zero via investments and already have sufficient disclosure

Failure to hit net-zero target 'not necessarily greenwashing', says regulator

Failure by a bank to meet a carbon reduction target would not necessarily constitute greenwashing, an influential regulator has claimed.

Temasek investing 'catalytic capital' into the transition

Temasek is looking to invest 'catalytic capital' in climate-aligned and carbon negative technology opportunities to support the global energy transition, according to a senior executive.

UK pension funds required to report Paris alignment

UK pension funds will have to disclose how they align with the 1.5°C goal of the Paris Agreement from October in a move the UK government...

Investor groups urge UK to 'learn lessons' from EU on gas in taxonomy

Three institutional investor-focused groups have urged the UK government to exclude natural gas from its proposed 'green' taxonomy, warning that inclusion would "discredit" the value of the green activities list.