News

GFANZ lamented for 'no clear signs it has achieved anything'

A group of civil society organisations has written to Michael Bloomberg and Mark Carney to demand the $138 trillion financial sector coalition they co-chair to step up its game, in a letter that complained the initiative had shown no signs that it has achieved anything.

Loan round-up: Ark Data Centres, CMPC, Mango, CAP ... and more

Absa Group bows to NGO pressure on oil and gas disclosure

African banking group Absa said it will publish its policies on oil and gas financing in May, after NGO Just Share accused the bank of having "fallen behind its peers" on adopting climate change policies.

NY pension fund stirs climate action from eight companies

Eight US corporations have acted to address climate-related risks following shareholder proposals from the New York State Common Retirement Fund so far this year, the fund has said.

Investors split on reporting ESG impact of 'shorting', MSCI finds

Investors are split on the type and extent of the environmental, social and governance (ESG) information that should be reported when taking 'short' positions on companies, according to MSCI.

UN group creates ESG risks guide for life and health insurers

Life and health insurers should consider how environmental, social and governance (ESG) risks affect their underwriting portfolios...

Bond round-up: IDB invest, Action Logement, WDP, Bayport, Ascott ... and more

ESG data market 'hits $1bn'

The booming market for ESG data passed $1 billion in 2021 for the first time, and will exceed $1.3 billion this year, research has estimated.

Soros Fund Management sets divestment plan in climate strategy

The family office managing the assets of billionaire philanthropist George Soros' foundations has published its inaugural 'climate action strategy,' which includes intermediate targets on the path to reducing the emissions of its portfolio to net zero by 2040.

Amundi launches two ESG ETFs

Amundi has launched two ESG focused exchange-traded funds (ETF) which track the fixed income or Asian markets.