Highly polluting companies need trillions of dollars of funding to reduce their carbon emissions. Transition bonds are mooted as one solution, but investors are far from convinced.
Africa’s largest lender has decided against funding three of the continent’s coal-power projects and committed to releasing a climate plan aligned with the goals of the Paris Agreement. But it is still lagging behind local peers, lobbyists say.
European proposals on ESG fund distribution are sparking worries about mis-selling, market fragmentation and, as a result, potentially reduced flows into such products.
The C$105bn fund has been an early mover in measuring its total portfolio emissions. The head of its sustainability committee talked Capital Monitor through the process and the third parties it works with to achieve it.
UN Sustainable Development Goal 15 figures low on investors’ agenda, while their exposure to at-risk forest companies remains high.
The Finnish bank has set itself new sustainability targets. But it faces tricky decisions if it is to realise them, given its exposure to the key Nordic industries of shipping and fossil fuels.
One of the world’s most influential financiers of oil and gas remains reluctant to threaten clients with funding cuts as a means to hit net zero. The US bank argues its investment-led approach to reducing carbon intensity within sector hotspots goes far enough.
A $3.8bn loan raised by the Saudi government-owned Red Sea Development Company for a tourism development is long on ambition but short on green detail.
The number of ESG ETF launches shows no signs of abating, and while many are now aligning with the UN SDGs, their diversity and quality are questionable.
A lack of technical guidance on Europe’s SFDR legislation has left asset managers to fill in the gaps, leading to confusion and serious risks of both greenwashing and market fragmentation.