News

Aggregate ESG ratings should be abolished

Aggregated environmental, social and governance (ESG) ratings should be abolished, according to a survey, as results show that market participants "do not speak the same language" on what ratings are or should be.

HSBC rejects comments by its head of RI about climate

HSBC has distanced itself from the remarks of a senior employee who delivered a controversial speech about 'Why investors need not worry about climate risk'.

Australian election a 'climate reset', says IGCC

EBA advised to steer clear of adding climate Pillar 1 requirements

EU regulators studying how to better capture climate risks in capital requirements risk penalising banks in jurisdictions with tougher climate regulation, according to an advisor.

Video: NN Investment Partners' Isobel Edwards on ESG data for the GSSS bonds market

Nomura, Mitsui build stakes in natural capital manager New Forests

Japanese financial services firm Nomura has acquired a 41% stake in Australian natural capital management firm New Forests in a deal that also saw Mitsui & Co boost its stake in the forestry firm.

People moves 20 May: Aviva, Fidelity, M&G, Schroders and more...

Transition plan scrutiny could change capital requirements, NGFS says

Supervisory authorities could require financial institutions to scrutinise companies' climate transition plans, as part of work to determine whether capital requirements should be changed to capture climate risks, according to a research paper.

Stop subsidising renewables, says M&G

M&G Investments has argued that it makes economic and environmental sense to stop subsidising renewable energy, and instead grow the market through private investment.

M&G to relaunch fund as 'Paris-aligned'

M&G Investments will next month rename the £503 million ($600 million) M&G UK Select Fund as the M&G UK Sustained Paris-aligned fund.