Global action to reduce carbon intensity is too slow
The world needs to cut carbon intensity five times faster to hit the 1.5°C Paris Agreement target, according to PwC’s Net Zero Economy Index.
Environment
World’s largest companies ignoring biodiversity loss
A KPMG survey found less than a quarter of companies at risk from the loss of biodiversity are including the risk in their corporate reporting.
UK needs £400bn additional infrastructure spend to meet Net Zero target
Private sector investment is critical for power systems, buildings and industry, transport, and digital infrastructure, PwC/GIIA survey finds.
The US$50 trillion sustainability question
UN Sustainable Development Goals face critical investment shortfall, Standard Chartered research has found.
Climate-related financial disclosures under the microscope
As a UK Treasury report looks at climate-related disclosures, Scottish Widows divests £440m from corporates posing ESG risk.
Climate risk exposure looms large for US banking sector
Over half of syndicated lending of US banks is exposed to climate risk, as investor pressure mounts on corporates to disclose climate lobbying.
Banks ramp up plans to tackle carbon emissions
HSBC is the latest to aim to align its portfolio of financed emissions to achieve net zero.
Bank of America issues US$2bn equality progress sustainability bond
The broad ESG-themed security issuance comes as Fitch Solutions launches an ESG relevance score solution.
BNP Paribas issues A$140m in green bonds
The issuance is linked to Australia's first forward-looking climate index.
Major banks continue ESG momentum
Both Citi and HSBC have recently announced strategic solutions to tackle climate risk.
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.