A group of 36 financial institutions, representing over €3.3trn of assets, are urging governments to protect the ocean and not proceed with deep-sea mining. The Global Financial Institutions Statement to Governments on Deep Seabed Mining, coordinated by the Finance for Biodiversity (FfB) Foundation, wants the practice halted until the environmental, social and economic risks “are … Read more
The Taiwan Stock Exchange (TWSE) has announced the launch of a new ESG InfoHub, which allows investors to more easily compare ESG-related information on listed companies. The TWSE said that it hopes that the hub will help facilitate ESG investment and drive sustainable finance. It also added the hub, alongside the newly launched InvestmentInfo Hub, … Read more
If we are to have any hope of slowing the rate of global warming, urgent action must be undertaken to cut methane emissions. A powerful greenhouse gas, methane is estimated to be responsible for more than 25% of the global warming the world has experienced so far. In fact, over the first two decades after … Read more
Alquity, Nordea and Green Century Funds are among 17 investors that have written to MEPs and Member State environment ministers to take a “strong stance” on reducing plastic. In May the group, along with more than 100 other investors with around $10trn assets under management, signed a statement to consumer goods companies asking them bring … Read more
More than half of the companies who set measurable net-zero targets are failing to meet them, according to research by FTSE Russell, a subsidiary of the London Stock Exchange Group. The stock market index specialist found despite companies increasingly publicising net-zero commitments, and investors using these corporate targets to test companies’ alignment with 1.5°C or 2°C … Read more
UK regulator the Financial Conduct Authority (FCA) has delayed the publication of its policy statement on Sustainability Disclosure Requirements until the last quarter of the year. In a regulatory initiatives grid update from co-chairs Nikhil Rathi, CEO of the FCA, and Sam Woods, deputy governor, prudential regulation at the Bank of England, the regulator said: … Read more
The Transition Pathway Initiative (TPI) has appointed David Russell as chair, following the decision by Church of England Pensions Board chief responsible investment officer Adam Matthews to step down from the board in September. Russell (pictured) was formerly head of responsible investment for the Universities Superannuation Scheme. He has served on the TPI board since … Read more
Reading Time: 2 minutes 18th July 2023: Climate engagement solution, ecolytiq, is partnering with cloud banking platform Mambu to make scalable, effective climate action solutions easily accessible for financial institutions. ecolytiq’s climate engagement product suite will be available on the Mambu marketplace that serves 110 million end users. The partnership will offer financial service … Read more
It is unbelievable – but probably fair to say – that six years ago, the ESG space was thought of by some in the City as a little outré, a bit tie dye and crystals. But as the imperative to save the planet has moved to the forefront of everyone’s minds, ESG is most definitively … Read more
Bond investors have a “unique opportunity” to have an significant impact on ESG-labelled bonds and in some cases be more direct than equity investors, according to RBC Bluebay’s senior portfolio manager within the emerging markets debt team, Jana Harvey. In the latest episode of the Green Dream, Harvey explains the best times to engage with … Read more