CACEIS, a leading European asset servicing group, has been mandated by Hy24, an investment management firm specialising in Green Hydrogen infrastructure investment to provide custodian bank and registrar services for its first fund.
A report by Reclaim Finance reveals that G20 and Eurosystem central banks are lagging behind when it comes to investing sustainably, in particular failing to consider the climate impact of their investments. According to the NGO, it’s a case of “do as I say, not as I do”, given that they are also issuing warnings about the effects of climate change on the financial system and calling on private financial institutions to take them into account.
Degroof Petercam signs the United Nations’ Principles for Responsible Banking (UN PRB). The Principles provide a single framework for a sustainable banking industry developed through a partnership between banks worldwide and the United Nations Environment Programme Finance Initiative (UNEP FI).
Adams Street Partners, a private markets investment firm with more than $49 billion under management, announced that it has started using a real-time ESG data analytics solution to provide insights into underlying fund and private company investments.
The European Central Bank (ECB) published its first-ever large-scale assessment of how European banks are adjusting their practices to manage climate and environmental (C&E) risks. It concludes that banks have taken initial steps towards incorporating climate-related risks, but not one of 112 banks is close to meeting all supervisory expectations.
BNP Paribas Asset Management (‘BNPP AM’) announces the launch of BNP Paribas Social Bond fund, investing in bonds aimed at financing projects with positive social impacts. The fund is classified as Article 9 under SFDR and launches during a period of record growth for the sustainable bond market, in particular social bonds.
In a hybrid Ring the Bell ceremony attended by Luxembourg Minister of Finance Pierre Gramegna, the Luxembourg Stock Exchange and the Industrial and Commercial Bank of China celebrated on December 2nd the listing of the bank’s recent multi-currency carbon neutrality themed green bond on LuxSE. The bond is also displayed on the world’s leading platform for sustainable finance, the Luxembourg Green Exchange.
On November 26th, the Luxembourg Fund Labelling Agency (LuxFLAG) announced the launch of the LuxFLAG Sustainable Insurance Product Label (LSIP).
Banque Internationale à Luxembourg (BIL) has become an official Signatory of the UN Principles for Responsible Banking – a single framework for a sustainable banking industry developed through a partnership between banks worldwide and the United Nations Environment Programme Finance Initiative (UNEP FI).
PwC Luxembourg releases the first edition of their ESG Mutual Funds Poster showcasing the ESG funds growth trends for the first half of 2021. The research-based poster covers all markets that have adopted the Sustainable Financial Disclosure Regulation (SFDR) framework to define ESG. It is designed to provide market participants with the most extensive and up to date ESG information and will be updated on a quarterly basis.