News

Gresham House urges UK government to "provide reassurance" on biodiversity net gain

Gresham House has called on the UK government to provide further reassurance on the implementation of the Biodiversity Net Gain legislation, to help scale up private-sector involvement.

Sustainable bond market hits $5trn of issuance

Cumulative issuance of sustainable bonds has now crossed the $5 trillion mark, boosted by strong support from sovereign issuers.

Emissions disclosure gaps key sign of untrustworthy transition plan, says PGIM

"A lot of" companies still fail to disclose their Scope 1 and 2 greenhouse gas (GHG) emissions despite having set targets to reach 'net zero' - a red flag that their transition plans may be unreliable, according to a major asset manager.

'Investors should require environmental profit and loss statement'

Investors should require their portfolio companies to provide an environmental profit and loss statement to help better articulate the "hidden cost" of nature, Paula DiPerna has told Environmental Finance.

Transition plan credibility test should be core to green bond investments, says PGIM

Investors should only buy green bonds from issuers with credible transition plans, according to a major asset manager.

Biodiversity resolution sees muted support at Home Depot

A resolution urging retail giant Home Depot to carry out a biodiversity risk assessment received 16% investor support at last week's AGM, which filer Domini Impact Investments said signals there is "more work to be done".

Capital markets union essential for EU's climate transition, says head of French central bank

Europe needs to unlock hundreds of billions of euros by finalising the Capital Markets Union (CMU) and harnessing Europeans' private savings for investing in the climate transition, according to a prominent central banker.

People Moves, 17 May: Impact Investing Institute, Abrdn, Basel Committee and HSBC

Nordea launches two sustainable bond funds

Nordea Asset Management (Nordea AM) has launched two dedicated euro-denominated sustainable bond funds, a month after it closed its social bond fund.

ESMA name rules important step in unlocking transition finance, says BNPP AM

Improved clarity from regulators on what constitutes a sustainable investment is a pre-requisite for unlocking widespread investment in 'transition' assets to reach net zero, according to the CEO of one of Europe's largest asset managers.