New Mifid rules risk damaging trust in ESG funds, experts fear
European proposals on ESG fund distribution are sparking worries about mis-selling, market fragmentation and, as a result, potentially reduced flows into such products.
Institution / Government
Government
Oasis or mirage? Saudi Arabia’s green-funded ‘giga-project’
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.
“Half-baked” EU rules raise greenwashing risks for sustainable funds
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.
Climate litigators turn up the heat on Big Oil
Energy majors face a rising number of US lawsuits arguing that they knew about fossil fuels' negative environmental impact for decades but sought to conceal the facts.
Big US firms back Biden’s mandatory climate disclosure plans
Momentum is gathering behind President Joe Biden’s environmental push, which includes a proposal for corporate climate disclosure. It will add a burden for companies, but the environmental risk of inaction could be a lot higher.
White Papers
Can HSBC green the Middle East?
HSBC has its eyes on significantly growing its Middle East operations. But as the world's largest exporter of oil, the region's carbon footprint is entrenched. We assess whether Europe's largest bank has the appetite to confront these issues head on.
The two faces of India and China
Analysis conducted by Capital Monitor reveals the two largest countries by population have some of the world’s brownest – and greenest – Covid-19 recovery plans.
Leaked EC proposal sets high bar for sustainability reporting
The European Commission wants to compel around 50,000 companies to report across a range of ESG factors. Investors, banks and NGOs are broadly aligned, but reservations exist.
We must all do more to tackle climate change, admits Standard Chartered
The company's top sustainable finance bankers acknowledge the sector is guilty of not “driving enough capital” to reach net-zero targets, but say huge structural issues are a barrier for change.
Asia: State-sponsored coal funding’s last hurrah
Chinese banks are still aggressively financing the coal power sector, sometimes under pressure from government. There will be a rationale for this, but it could prove dangerously short-sighted. Here’s why.
Mark Carney’s Value(s): a guide to saving the planet for the 0.1%
In his new book, the former central banker aims his observations on the climate crisis at the people with the power and money to make a difference. Can we expect them to listen?
What to expect from the EU’s renewed sustainable finance strategy
The EU’s plan to divert billions of dollars towards sustainable initiatives will require a host of fundamental reforms. We outline the areas most likely to be addressed.
Who cares if the UK and EU’s green taxonomies diverge?
With the UK assessing the template set by the EU in 2019, investors and intermediaries are anxious about the implications of regional differences. The evidence suggests there's no reason to be.
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