News

Environmental issues likely to become a key credit rating driver

The impact of environmental issues on corporate credit ratings is limited but is likely to become a key rating driver in the next five years.

Parliament sends 'clear signal' to EU states for tougher EU GBS

The EU Parliament has passed tougher amendments to the EU Green Bond Standard (EU GBS) which was described by one senior politician as a "clear signal" to EU member states not to water down the proposals.

Insurers behind the curve on climate resiliency

Capgemini says only 8% surveyed insurers on course to achieve climate resiliency

FCA exec: Greenwashing is 'huge reputational risk'

The financial industry must acknowledge 'greenwashing' and consider how to prevent it, an executive at the UK's Financial Conduct Authority (FCA) said, warning it is a "huge reputational risk".

Energy companies 'likely' to be hit by rising ESG activism

Energy companies are set to be hit with competing environmental and pro-fossil fuel activism in the next 18 months, according to a study.

Fossil fuel windfall must be reinvested in renewables - MSCI

FNZ invests in impact data company GIST

FNZ, a wealth management platform, has invested an undisclosed amount in GIST, an impact data company.

High-yield, leveraged debt provides 'more direct' ESG engagement

"More direct" access to management in high-yield bond and leveraged loan markets sometimes provides "much better" engagement opportunities on environmental, social and governance (ESG) topics, according to a group of credit investors.

Royal London to abstain from Shell's transition plan

Royal London Asset Management said it will abstain from Shell's climate transition plan at its AGM on Tuesday, over concerns it is unaligned with the Paris Agreement.

Gas inclusion would 'debase' UK taxonomy

The UK has been warned that including natural gas in its taxonomy of green activities would "debase" the exercise, and waste an opportunity to show leadership on sustainable finance.