This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
The Monetary Authority of Singapore (MAS), the central bank and financial regulator of Singapore, announced today the issuance of a set of consultation papers with proposed guidelines on net zero transition planning for financial institutions, including banks, insurers and asset managers.
Burberry has strengthened its resolve to be climatepositive by 2040 by refinancing a credit facility to a £300m Sustainability Linked Loan. The firm committed to the climatepositive target last June, which will place the company ten years ahead of the 1.5C SOURCE: Acre. DESCRIPTION: by Liam Goldsworthy.
Global payments technology company Visa announced today the launch of Visa Eco Benefits in Asia Pacific, providing banks in the region with a suite of sustainability-focused features for their Visa cardholders, aimed at helping them to better understand and address the environmental impact of their day-to-day spending.
In a highly symbolic move, she had the highway that ran along the left bank of the Seine converted into 4.5 Anna König Jerlmyr wants Stockholm to become the world’s first climate-positive city by 2040 and fossil-fuel free by 2030. hectares of pedestrian-only greenspace. Meet five women mayors blazing a greener trail.
More broadly, the company is moving toward a "climatepositive" value chain by 2040, embracing science-based targets. Mason, who was raised in Queens, is one of the few senior Black executives in banking, at Citi since 2001 in a slate of leadership roles including CEO of Citi Private Bank. billion U.S.
On this front, developments look promising with decisions taken at last week’s World Bank Group – IMF Annual Meetings in Marrakech described as the “ end of the beginning ”.
It has to drive real actions to unlock private capital for climate-positive growth. The climate-positive growth narrative is also becoming a powerful driver to shift agency in climate finance design and decision-making. Progress was also made on debt sustainability with US$6.3
While reviewing the implementation of transition plans by FIs, MAS will recognise that a short-term increase in their financed emissions may arise due to actions supporting longer-term climate-positive outcomes. First, to realise that investing in solutions now will bring both immediate and future benefits.
Border to Coast’s low-carbon theme looks to engage with companies in high-emitting sectors and banks identified as key to financing this transition. Border to Coast has collaborated with Royal London Asset Management to engage with four UK banks to pioneer the integration of just transition into their net zero strategies.
In addition, institutions should have interim decarbonisation targets that are “consistent” with the 2030 target, set by the Intergovernmental Panel on Climate Change , of reducing CO2 emissions by around 45% from 2010 levels. A number of large US banks are reported to be on the verge of leaving GFANZ.
Backed by a $75 million debt finance commitment from Australia’s ‘green bank’, the Clean Energy Finance Corporation ( CEFC ), the facility is designed to provide a substantial boost to Australia’s recycling sector while also expanding onshore recycling capabilities.
To quickly grasp the scale of their nature-related exposures, investors and corporates should view new reporting and risk management processes as an extension of existing climate strategies, delegates heard at the PRI in Person 2023 event.
Through the Singapore-China Green Finance Taskforce, MAS is also working with the PBOC (People’s Bank of China) to promote the uptake of financial products that reference the China Green Bond Catalogue and the Singapore-Asia Taxonomy, and eventually the CGT when the mapping is completed.
The power of eight – Should policymakers from the G20 or anywhere else need guidance on what effective climate policy looks like to private investors, help was at hand this week from the Investor Agenda , a grouping of climate- and investor-focused organisations including the Principles for Responsible Investment.
Some were shocked by the anger expressed at the forum by ex-US VP Al Gore, who distanced himself from US Climate Envoy John Kerry on the growing role of petrostates and oil company executives in climate change negotiations.
A key factor in meeting demand for climate-positive investment could be the growth of climate-aligned bonds. According to the International Energy Agency, US$4 trillion of clean energy investment will be needed annually by 2030. ESG bond issuance reached US$1 trillion in 2021 for the first time according to Refinitiv.
The fund acquires or leases land and aims to introduce ecological and organic management practices, in order to develop an overall “climatepositive” portfolio of assets delivering on net zero targets. SLM Partners is an asset manager which specialises in sustainable land and real assets.
UK pension schemes will be required to demonstrate alignment with the Paris Agreement from October, but will also be given greater flexibility to make climate-positive investments as well as new stewardship guidance, Work and Pensions Secretary Therese Coffey confirmed today. “We
“It’s an industry you can’t put on the internet; we will need shipping in the years to come, which means we have to ensure it is sustainable in the long term,” says Stephen Fewster, Global Head of Shipping Finance at Amsterdam-headquartered ING Bank. . Buoyed by solutions .
McMahon says the overarching objective is to develop a “climatepositive” portfolio of assets that will deliver on net zero targets, while having measurable impacts on biodiversity and soil health. The target fund size is €250 million. The latest ONS figures show UK food prices increased 6.2%
Mixed picture Do climate-related disclosures provide investors with the decision-useful information they need as they seek to reduce portfolios emissions while orientating capital to climate-positive investments?
C future, Gosling acknowledges there is scope for climate-positive action by asset owners and managers. “If we are talking about UK asset owners and their managers, which may be based in London but are US-owned firms, that language actually turns out to be a barrier and a gap in understanding rather than an aid,” says Lee.
The travel-intensive strategy firm BCG said it aspires to be "climatepositive" by removing more carbon dioxide emissions from the atmosphere than it emits. But getting to zero — or neutral or positive or some other goal — is not without controversy. Bank of America CEO: Each public company needs to reach carbon zero.
Academic institutions responsible for £5 billion have sent requests for proposal asking banks and asset managers to develop climate-positive deposits and funds. Moving on – Twenty-one British universities took initial steps towards ensuring their cash and investments cannot be used to finance fossil fuel projects.
Visa aims to become a climatepositive company by leveraging its global network to increase sustainable commerce and providing clients with sustainable card options and guidance on sustainable accounts, including access to high-quality carbon offsets.
In other US climate-positive news, the Biden administration recently awarded US$4.3 In related news, NatWest Group issued this week the first bond by a UK bank dedicated to financing and re-financing electric vehicles (EV), raising net proceeds of €750 million (US$811.4 billion.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content