Major banks continue ESG momentum
Both Citi and HSBC have recently announced strategic solutions to tackle climate risk.
Environment
Deutsche Bank creates criteria for classifying ESG financing
As DB publishes its Sustainable Finance Framework, Citi and BofA have joined the Partnership for Carbon Accounting Financials.
Greening the corporate supply chain
The application of ESG principles to trade and supply chain finance is rising up the corporate agenda.
Plans for a just transition to net-zero carbon emissions welcomed
The banking and finance industry has responded positively to recommendations for an environmentally sustainable future in the UK.
New ESG scores and risk management promote sustainable finance transition
Refinitiv has debuted Fund ESG scores, while Turnkey has launched a risk management platform that tackles ESG in the supply chain.
Deutsche Bank and Olam close Asia’s first FX forward using ESG targets
The global agri-business also recently secured a sustainability-linked loan.
Swedbank doubles down on green bonds
The bank has published its Green Bond Impact Report 2019, while subsidiary Robur invests in Swedish Export Credit green transaction.
Corporates and banks ahead of governments in fighting climate change - Carney
A number of companies have already come out with transition plans for net zero carbon emissions.
Sustainable borrowing base facility seeks to enhance food supply chains
Rabobank and FMO have committed to the facility to support Agrocorp during volatile times.
CTMcast - 21 May 2020: Business models, increased automation, FX risk, global trade, & climate change
Jack, Ben and Nick Franck review CTMfile’s posts over two last weeks
Green deposits gain traction
Standard Chartered's sustainable deposits hit the US$2bn mark, showing corporate commitment to green cash management.
What does COVID-19 mean for the climate change battle?
Two new research reports explore the impact the pandemic is having on efforts to tackle climate change.
The fundamental question for your CEO: What is your transition plan to reach net zero?
Two sessions at the ACT’s virtual International Treasury Week showed that climate change is the no. 1 problem not the COVID-19 pandemic
Deutsche Bank outlines ambitious sustainability targets as green tech market surges
The bank has committed to at least €200bn of sustainable financing and investments by 2025.
Citi releases first ESG report
Global loan market associations have also issued new sustainability guidance documents.
Basel Committee publishes stocktake report on climate-related financial risk initiatives
Future work includes analytical reports and developing effective supervisory practices.
Sustainability is crucial for innovation leaders
Lux Research says resource, emissions, and waste reductions are key strategies for success, as ING and Refinitiv enhance ESG efforts.
ESG commitments pushing ahead in spite of COVID-19
The EU Green Deal seems to still be on track, while Mizuho has announced strict new ESG policies.
Industry roundup: 15 April
News in brief for Pega, IOSCO, EPA, Kyckr and Citi.
Link secures A$212m sustainability-linked loan from DBS
The funding is in Australian dollars to match the currency of Link’s latest acquisition in Sydney.
Rewarding business for ESG practices
CBA is providing Wesfarmers with financing to achieve its broader sustainability goals.