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.
Environment, Social, Governance
Background
Sustainable and green strategies have never been more important to corporate financial health. In the Internet age, when reputations can be built and ruined at viral speed, companies are under more…
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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.
Prominent corporates score innovative bank support
Both Unilever and BASF have broken ground on services from banking partners that will support their treasury operations.
EBA makes AML and ESG moves
The European Banking Authority has issued guidance on the enforcement of AML rules and launched a consultation on ESG risks.
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.
Can large corporates survive localisation?
A report from Deutsche Bank explores how the deglobalisation movement might impact the worldwide supply chains of big companies.
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.
Nearly two-thirds of major UK firms passing the corporate governance test
EY research has found 61% of UK FTSE350 companies are fully compliant with the 2018 Corporate Governance Code.
Northern Trust market forecast calls for 2.6% global growth
The firm's Capital Market Assumptions Five-Year Outlook predicts rates and inflation to remain low, stock returns in the 3.8-8.2% range.
Corporates in Europe and Americas identify Asia Pacific as priority market for international expansion
Standard Chartered research reveals expansion into new markets remain key for CFOs and treasurers, with Asia Pacific ranked top.
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.
Cash flow forecasting importance highlighted in survey
The survey assesses the priorities of treasurers during the lockdown.
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.
Insights from web: 26 May 2020
NO black swan; Goldman Sachs ramps up cash management service; Supply chain risk; Locking in low % rates; Scenario planning