News

Airline pension plan breached fiduciary duty with BlackRock ESG strategy, US judge rules

American Airlines breached the fiduciary duty it owed its pension plan clients under US federal law by selecting BlackRock, because it allowed the latter's "ESG interests" - rather than just its financial interests - to influence investment decisions, a judge ruled.

$53trn low-carbon investment opportunity for clean energy transition, says S&P

Around $53 trillion of investment is needed by 2050 for clean energy supply, power transmission and distribution infrastructure to meet global net zero, analysis by S&P Global Commodity Insights has found.

Canadian carbon market slammed as 'economic wrecking ball'

Canada's federal carbon market has been slammed as an "economic wrecking ball" by a regional environment minister, but with an election looming doubts remain over the compliance market's future.

People Moves, 10 January: SBTi, S&P, Impax, Natixis, HSBC, Morningstar Sustainalytics ... and more

Rwanda regulator issues sustainable bond guidelines

The Rwanda Capital Market Authority (CMA) has published new guidelines to help create a "internationally credible, replicable, and attractive" sustainable bond market in the East African country.

BlackRock bows to legal threats and departs net zero initiative

BlackRock has left the Net Zero Asset Managers (NZAM) initiative, citing "legal inquiries from various public officials" in the US attacking its stated focus on climate finance.

Delayed transition now most likely scenario, says Candriam

"Waning political ambition" for the energy transition could slow progress but economic competitiveness and increased focus on energy security will make it an "unstoppable trend" for years to come, according to investor Candriam.

Deforestation investment opportunities to grow rapidly, says ISS ESG

Deforestation-related investment opportunities are evolving and set to grow, a new report by ISS ESG has predicted, spurred on by data improvements and the expansion of regenerative and sustainable land management activities.

Nominations for EF Sustainable Debt Awards 2025 now open

Nominations have opened for the 2025 Environmental Finance Sustainable Debt Awards, recognising innovation in the green, social, sustainability and sustainability-linked (GSSS) bond and loan markets.

EU banking regulator sets ESG transition plan, capital adequacy requirements

Eurozone banks have been set requirements for 'prudential transition plans', scenario analysis and internal capital adequacy tests under rules published by the European Banking Authority (EBA).