Fitch Group launched Sustainable Fitch, which will offer a comprehensive range of ESG Ratings products at both an entity and instrument level for all asset classes globally. The ESG Ratings coverage will initially be focused on the ESG-labelled market, but in time will comprise the entire fixed-income investable universe. Sustainable Fitch believes it will be […]
The BNP ESG Global Survey 2021 of 356 asset owners, official institutions, and asset managers, shows that ESG integration is maturing, with a growing number of investors allocating more than 75% of their portfolio to ESG and know-how increasingly embedded throughout organisations. However, institutional investors are at different stages of readiness for net zero. Key […]
Blackstone, one of the world’s leading investment firms, completed their previously announced acquisition of Sphera, a leading provider of environmental, social and governance (ESG) software, data and consulting services, from Genstar Capital. he transaction, which values the company at $1.4 billion, continues Blackstone’s thematic investment focus on the ESG sector and provides Sphera with capital […]
New guideline expands financial tools to support carbon neutrality goal According to an interview ran by the Global Times, China will set up a green stock index and develop futures trading for carbon emission rights – both of which will be the first such instruments, according to a new sweeping guideline issued last Sunday, marking […]
Sustainalytics, the ESG firm honoured for its annual report “10 for 2021: Investing in the Circular Food Economy“ Sustainalytics, a Morningstar company and leading global provider of ESG research, ratings, and data, received the Award for its Impact Research – “10 for 2021: Investing in the Circular Food Economy” – in the second annual Environmental Finance IMPACT Awards 2021. […]
BNP Paribas has been acknowledged as a leader in the global effort to create a truly sustainable economy by the financial publication, Euromoney. The bank continues to be strongly engaged in developing the products, services, metrics and methodologies that have been enabling sustainable change for many years now. Longstanding commitments in sustainable finance Group BNP Paribas’ longstanding commitments to […]
Last June, the FCA has published new proposals on climate-related disclosure rules for listed companies and certain regulated firms. The proposals followed the introduction of climate-related disclosure rules for the most prominent listed commercial companies in December 2020 which are aligned with the recommendations of the Taskforce on Climate-related Financial Disclosures (TCFD). In the consultations the FCA proposed […]
New Ceres report explores physical risks of climate change within the banking sector and add recommendations to help banks implement practical frameworks for analysis and action. Financing a Net Zero Economy: The Consequences of Physical Climate Risk for Banks provides valuable insights to help the sector realize the systemic implications of physical risk and sets out […]
EBA’s study shows that EU banks’ funding plans are poised to gradually return to a pre-pandemic funding composition by 2023 The European Banking Authority (EBA) published this week, its annual update on EU banks’ funding plans, which helps EU supervisors assess the sustainability of banks’ main sources of funding. The results of the funding plans […]
IFAC releases practical Framework for deploying Global Standards at Local Level IFAC, the International Federation of Accountants published a Framework for Implementing Global Sustainability Standards at the Local Level, focusing on their building blocks approach published in May 2021. IFAC believes that jurisdictions must begin examining how global standards that the International Sustainability Standards Board (ISSB) intends to […]
