EU carbon market update: 24 August 2021

Impax completes fixed income assets acquisition

Impax Asset Management has completed the acquisition of £1.1 billion ($1.4 billion) worth of European assets from US high yield bond manager SKY Harbor as it continue to strengthen its fixed income operations.

US banking regulator abandons climate risk principles

The Office of the Comptroller of the Currency (OCC) has "withdrawn its participation" in maintaining principles for climate risk management by large financial institutions in the US, which it argued were "overly burdensome and duplicative".

EU lawmakers agree vote on 'stopping-the-clock' on sustainability rules

UK pensions regulator aims to unlock 'latent demand' for net-zero investment

Impact funds raised €700bn in past decade, finds Phenix research

Impact investment vehicles have raised more than €700 billion ($757 billion) cumulatively in the past decade, a report from Phenix Capital Group has estimated.