Blue economy

Manager of pioneering Fidelity International water-focused fund in talks with issuers about anchoring blue bonds.

Capital markets group joins forces with UN agencies and MDBs to publish practitioners' guide to support issuance of credible blue bonds and preserve market integrity.

Separately, work on a national framework for blue bonds is nearing completion.

The latest developments in ESG-related funds: Phoenix Group assigns $338m to climate solution; Euronext launches ESG index.

The latest developments in ESG-related funds: Tumelo raises $19m in Series A funding, BNPP AM launches sustainable Asia cities fixed income fund.

The latest developments in ESG-related funds: Border to Coast launches EM equity fund, MSIM launches six article 9 funds

The latest developments in sustainable finance: NZIA developing target-setting protocol for insurance underwriting portfolios, United States support Ocean Risk and Resilience Action Alliance.

Ocean Finance Taskforce is also underway, whilst ISS ESG launches water risk rating.

As global sustainability reporting standards emerge, investors should engage with the standard-setters to make sure that water impact reporting processes are improved, write Lisa Beauvilain of Impax Asset Management and Johan Florén of AP7.

The latest developments in sustainable finance: BlackRock's Texas letter; French investor ends investments in new oil and gas; California fossil fuel divestment bill