News

Menterra social impact fund raises $30m

Bangalore-headquartered Menterra Venture Advisors has announced the first close of its Menterra Social Impact Fund II, at INR227 crore ($29.8 million).

NA100 invites investors ahead of summer launch

An initiative to coordinate engagement with companies and policymakers on nature has invited investors to signal their interest, ahead of a formal launch this summer.

CA100+ targets CRH over climate accounting failure

Climate Action 100+ (CA100+) supports a resolution from Sarasin & Partners to vote against Irish buildings materials firm CRH and its auditor over perceived climate-related inaction.

Mandatory climate disclosure for Canadian banks, insurers from 2024

Canada has confirmed plans to phase-in mandatory Task Force on Climate-related Financial Disclosures (TCFD) reporting for banks and insurers from 2024.

EU standard proposals could 'shrink pool' of green bonds, says HSBC

The additional EU Green Bond Standard (GBS) criteria proposed by an influential committee run the risk of "shrinking the pool" of green bond issuers and projects by being overly complicated and restrictive, according to HSBC.

CEB issues 'first' social bond targeting Ukraine refugee crisis

The Council of Europe Development Bank (CEB) has issued a €1 billion ($1.1 billion) 'social inclusion bond' to fund the response to the Ukraine refugee crisis caused by the country's invasion by Russia, believed to be the first social bond to target the crisis.

Sustainable ETF flows struggle in 2022 despite clean energy boost

Sustainable exchange traded products (ETPs) have struggled to carry the flow momentum from 2021 into 2022, with monthly inflows in the first three months of 2022 around half the levels reported in in late 2021.

LAPFF reveals 'litany' of ESG risks at mining companies

A series of financial risks related to poor ESG practices at five mining companies has been uncovered by the Local Authority Pension Fund Forum (LAPFF).

UK supermarket Sainsbury's bows to investor pressure on wages

UK grocer Sainsbury's has said it will raise pay for certain employees, after a £2.2 trillion ($2.9 trillion) coalition of shareholders put pressure on the company to become a 'living wage' employer.

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