The Institutional Investors Group on Climate Change has called for closer interoperability between the EU and UK’s sustainable finance disclosure regimes. The climate-focused investor body published a summary of the implementation challenges it identified after mapping its Net Zero Investment Framework against the UK’s Sustainability Disclosure Requirements and the EU’s Sustainable Finance Disclosure Regulation.
EU standard setter EFRAG has joined the Partnership for Carbon Accounting Financials’ central banking and regulatory engagement group. The influential finance-backed carbon accounting body’s engagement group aims to strengthen alignment between standard setters and regulators and support “the consistent implementation of accounting methodologies for emissions associated with financial activities”.
Low water levels on the Rhine make a 10-20 basis point impact on German GDP “increasingly plausible”, with the possibility that levels at the critical Kaub measuring station could fall to single digits as early as this week, according to Deutsche Bank. Marc Schattenberg, an economist in the bank’s research arm, said the river could be cut in half in a worst-case scenario, with supply of raw materials to industrial sites south of Kaub already restricted. “Commercial shipping operations could soon become unprofitable due to restricted transport capacities and might even grind to a halt if water levels continue to fall,” he added.
Commerz Real has won a mandate from Die Bayerische to manage the German insurer’s €500 million Pangaea Life Blue Energy fund. The fund, which invests across renewable energy and energy efficiency projects, had previously been managed by Aquila Capital, with the switch due to take place at the start of 2027. “I am glad that we could win this very attractive mandate,” said Henning Koch, head of Commerz Real, which is the real assets arm of Commerzbank. Die Bayerische said in a press release that the mandate “fits seamlessly” into Commerz Real’s existing infrastructure investment portfolios.