Latest news with #sustainablefinance
Times of Oman
a day ago
- Business
- Times of Oman
CBO joins network for greening the financial system
Muscat: The Central Bank of Oman (CBO) has officially announced its membership in the Network for Greening the Financial System (NGFS), a global alliance of central banks and supervisory authorities aimed at enhancing the financial sector's resilience to climate-related and environmental risks. Launched during the "One Planet Summit" in Paris in December 2017 with eight founding members, the NGFS has since expanded into a worldwide network comprising over 160 central banks and regulatory bodies. The initiative seeks to collaborate with members in transforming the financial and banking systems into environmentally friendly and sustainable models. This is achieved through knowledge-sharing, cooperation, and the adoption of international best practices in developing regulatory frameworks to promote sustainability. The CBO's membership underscores its steadfast commitment to building a resilient, sustainable, and forward-looking financial system. This move aligns with Oman Vision 2040, the Sultanate of Oman's national strategy for a structured transition toward net-zero emissions, as well as the launch of the National Environmental Policy for Energy. As part of its strategic climate initiatives, the CBO has introduced a comprehensive regulatory framework and roadmap designed to advance sustainable and green finance in line with international standards and Oman's goal of achievingcarbon neutrality by 2050. These efforts include phased disclosure requirements for licensed financial institutions, alongside active participation in global climate initiatives, such as those led by the G20. Through this membership, the CBO joins a collaborative international effort to promote sustainable finance and strengthen the financial sector's readiness in addressing escalating challenges posed by climate change and ecosystem degradation. —— Ends/AH
Zawya
a day ago
- Business
- Zawya
CBUAE organises climate forum and 'Network for Greening the Financial System' meeting in Abu Dhabi
Abu Dhabi: Under the Patronage of H.H. Sheikh Mansour Bin Zayed Al Nahyan Vice President, Deputy Prime Minister and Chairman of the Presidential Court, Chairman of the Board of Directors of the Central Bank of the United Arab Emirates, the CBUAE is organising its first Climate Forum and a meeting of the Network for Greening the Financial System (NGFS) at the St. Regis Saadiyat Island Resorts, Abu Dhabi, on 26 June 2025. The two-day event demonstrates the CBUAE's commitment in driving sustainable finance and leading the transition towards a more sustainable financial system, in line with the UAE's vision to achieve net zero by 2050. The Climate Forum brings together financial leaders, policymakers, international experts in sustainable finance and in climate risks, and senior officials from regulatory bodies, central banks, and international financial institutions. The aim is to exchange insights on ways to foster better integration of climate policies in risk management and investment, and to explore effective solutions for enhancing financial sector resilience in the face of future climate and environmental challenges. It will also address frameworks for activating regional and international cooperation in the areas of monetary policy, regulation and sustainable Islamic finance, thereby strengthening the complementary roles between the public and private sectors. This further underscores the UAE's growing position as a regional and international hub for leading the global dialogue on the future of sustainable finance. The NGFS meeting will be centred on 'greening' monetary policy frameworks. Discussions will focus on integrating climate change impacts into monetary policy formulation and operations, alongside reviewing the NGFS's latest work progress and future plans. Since its inception in 2017, the NGFS has become a global force, uniting over 160 central banks and financial supervisors. His Excellency Khaled Mohamed Balama, Governor of the CBUAE, said: "The convening of the Climate Forum and the Network for Greening the Financial System meeting marks a milestone amidst the global shifts in economic policies and the growing climate challenges. In line with the wise leadership's vision for the UAE and its commitment to achieving net zero by 2050, the CBUAE continues to solidify its pivotal role in spearheading financial sustainability. This is achieved by strengthening the green finance infrastructure and developing regulatory frameworks that support the integration of climate risks within the financial sector's ecosystem, thereby enhancing its resilience, reinforcing its stability, and achieving the desired balance between economic growth and sustainability."
Yahoo
2 days ago
- Business
- Yahoo
Stone Harbor Investment Partners Introduces Emerging Markets Climate Impact Debt Fund
Actively managed, sustainable UCITS fund targets emerging market countries This is a marketing communication. NEW YORK, June 18, 2025--(BUSINESS WIRE)--Stone Harbor Investment Partners, an investment manager of Virtus Investment Partners, Inc. (NYSE: VRTS), has launched the Stone Harbor Emerging Markets Climate Impact Debt (Bloomberg: STHEMDI) (the "Fund"), a UCITS fund classified as Article 9 under the Sustainable Finance Disclosure Regulation (SFDR) that addresses decarbonization efforts occurring in Emerging Markets (EM) while seeking to deliver attractive long-term total returns for investors. The Fund invests in sustainable debt issued with proceeds dedicated to environmental activities, assets, projects or expenditures, with social bonds also permissible, of EM corporate, sovereign, quasi-sovereign and supranational issuers in hard currency. The Fund, with a sustainable objective to promote the transition towards an environmentally and socially sustainable economy, seeks to outperform the J.P Morgan EM Credit Green, Social and Sustainability Bond Diversified Index (GESSIE EM Credit Div USD Hedged). "Stone Harbor has incorporated sustainability factors into the EM debt investment process for well over a decade, and as issuance of emerging markets labelled bonds has grown alongside demand from our clients for sustainable investment solutions, we have responded with a comprehensive platform to cover the full spectrum of emerging markets fixed income exposure," said James E. Craige, CFA, Stone Harbor's chief investment officer and head of Emerging Markets, who oversees the management of the Fund. "The new Fund brings together our specialist investment skills in emerging markets with a sustainable investment framework that meets the Article 9 requirements of institutional investors." In addition to Craige, the Stone Harbor investment team managing the Fund includes Deputy Chief Investment Officer Stuart Slater-Booth and Portfolio Managers Steffen Reichold, Richard Lange and Darin Batchman. "The market for emerging markets green and sustainable bonds has been developing rapidly and now offers broad diversification in liquid markets as the Fund aims to provide access to measurable, high-impact investments while at the same time offering attractive risk-adjusted returns," Reichold said. The Fund's investments are identified through the Stone Harbor SFDR sustainable investments framework and complements the firm's Article 8 UCITS fund, the Stone Harbor Emerging Markets Corporate Debt Fund. "To support our sustainability strategy, Stone Harbor helped transition our portfolio from traditional EM debt investments to a strategy focused on green and sustainable bonds that is managed in line with Article 9 requirements," said Marius Daheim of BarmeniaGothaer Asset Management, based in Cologne, Germany. About Stone Harbor Investment Partners Stone Harbor Investment Partners is a global credit specialist with three decades of expertise in emerging and developed markets debt. Stone Harbor's investment team – portfolio managers, credit analysts, economists, quantitative analysts, and risk management professionals – engages in disciplined and regular collaboration to carefully construct their global macroeconomic outlook and strategic allocation framework. As a research-driven firm, Stone Harbor drills deeply into the fundamentals to determine the attractiveness of individual credits, currencies, interest rates, and yield curves to find the best investments within select asset classes. About Virtus Investment Partners, Inc. Virtus Investment Partners (NYSE: VRTS) is a distinctive partnership of boutique investment managers singularly committed to the long-term success of individual and institutional investors. We provide investment products and services from our investment managers, each with a distinct investment style and autonomous investment process, as well as select subadvisers. Investment solutions are available across multiple disciplines and product types to meet a wide array of investor needs. Additional information about our firm, investment partners, and strategies is available at Risk Considerations Interest Rate: The values of debt instruments may rise or fall in response to changes in interest rates, and this risk may be enhanced for securities with longer maturities. Currency Rate: Fluctuations in the exchange rates between the U.S. dollar and foreign currencies may negatively affect the value of the portfolio's shares. Emerging Markets Risk: Investments in emerging markets may involve a higher degree of risk. Assets may not be properly held in custody and, as a result, may be lost. It may be more difficult to sell assets at a fair price in emerging markets. ESG: The interpretation of ESG and sustainability criteria is subjective meaning that the fund may invest in companies which similar funds do not (and thus perform differently) and which do not align with the personal views of any individual investor. The portfolio's consideration of ESG factors could cause the portfolio to perform differently from other portfolios. While Stone Harbor Investment Partners believes that the integration of ESG factors into the portfolio's investment process has the potential to contribute to performance, ESG factors may not be considered for every investment decision and there is no guarantee that the integration of ESG factors will result in better performance. There is no guarantee that ESG integration and engagement will enhance the quality of asset allocation or portfolio construction. ESG characteristics and risks could have a materially positive or negative impact on the performance of a Fund. Credit Risk: The issuers of securities or similar instruments that we buy may not be able to make payments, which could lead to an investment loss. This risk is greater for investments with a medium or low credit rating. Counterparty: There is risk that a party upon whom the portfolio relies to complete a transaction will default. Derivatives Risk: A small movement in the value of the underlying asset may cause a large movement in the value of the derivative which can result in a loss to the Fund. Investment Risk: Investing is subject to risk, including the risk of possible loss of principal. Prospectus: For more information in relation to these and other risks, please refer to the "Characteristics and Risks of Securities and Investment Techniques" section of the prospectus. The fund described above is a sub-fund of Stone Harbor Investment Funds plc (the "Fund"), an investment company with variable capital incorporated with limited liability in Ireland and established as an umbrella fund with segregated liability between the funds pursuant to the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations, 2011 (as amended). Please refer to the current prospectus and to the relevant PRIIPS KID/KIID before making any final investment decision. The prospectus for the Fund, the PRIIPS KID/KIID for each of the share classes of the Fund (in an official language of the relevant jurisdiction), and the summary of investor rights (in English) are available online at or may be received upon request via email by contacting legal@ Share classes of certain sub-funds are currently notified for marketing into a number of EU Member States under the UCITS Directive. A decision may be taken at any time to terminate the arrangements made for the marketing of the sub-fund in any Member State in which it is currently marketed. In such circumstances, Shareholders in the affected Member State will be notified of this decision and will be provided with the opportunity to redeem their shareholding in the Fund free of any charges or deductions for at least 30 working days from the date of such notification. The sub-funds have not been registered under the United States Investment Company Act of 1940, as amended, or the United States Securities Act of 1933, as amended. The Fund is not available for sale in the U.S. or to U.S. Persons. This information and material shown on this page are for information only and do not constitute an offering or investment, legal, tax or other advice. The information shown on this page constitutes an advertising document in certain jurisdictions. View source version on Contacts Laura Parsons, Media Relations(860) Jaime Doyle, Media Relations(973) 944-8105jdoyle@ Mark Weiller, Stone Harbor(212) 548-1130mweiller@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Zawya
2 days ago
- Business
- Zawya
The DFSA joins United Arab Emirates' authorities in launching consultation on Principles for Climate Transition Planning
Dubai, United Arab Emirates: The Dubai Financial Services Authority (DFSA), together with other members of the United Arab Emirates (UAE) Sustainable Finance Working Group (SFWG), has today launched a public consultation on draft 'Principles for Climate Transition Planning' (the Principles). This marks a further step in the SFWG's ongoing efforts to enhance the UAE's sustainable finance ecosystem. The draft Principles are designed to help financial institutions develop credible, transparent, and effective climate transition plans. These plans are forward-looking strategies that align an organisation's objectives, governance, risk management, and operations with their climate goals. The draft Principles cover eight key areas: setting transition objectives; governance; integration into strategy and risk management; metrics and targets; data and customer engagement; reporting and transparency; implementation; and review and updates. The proposed Principles are intended to apply proportionately across a wide range of financial institutions and are designed to remain flexible and forward-looking to reflect the evolving nature of global standards. By embedding climate risks and opportunities into financial decision-making, transition planning enhances firms' risk management, informs strategic and product development, and supports broader climate policy objectives. How to submit feedback The consultation is open to all the DFSA's stakeholders. Feedback is particularly welcomed from firms developing or enhancing their transition plans, as well as firms already engaged in climate-related risk management and disclosure practices. To read the draft Principles, click here. To submit your feedback, click here. The deadline for submissions is close of business on 16 July 2025. About the UAE Sustainable Finance Working Group The SFWG was established in 2019 to support the UAE's economic transition to address climate change and encourage the adoption of best practices around sustainability at the national level, aligned with the UAE's Green Agenda 2015–2030. Its members include: Financial regulators – Central Bank of the UAE, Securities and Commodities Authority, Financial Services Regulatory Authority of Abu Dhabi Global Market, Dubai Financial Services Authority; Ministries – Ministry of Finance, Ministry of Climate Change and Environment, Ministry of Economy, the Office of the UAE's Special Envoy for Climate Change; and UAE exchanges – Abu Dhabi Securities Exchange, Dubai Financial Market, and Nasdaq Dubai. Since its inception in 2019, the SFWG has issued several key publications: Guiding Principles on Sustainable Finance in the UAE (2020), committing to developing standards for the financial sector to integrate Environmental, Social and Governance (ESG) factors into corporate governance, strategy, and risk management. Principles for the Effective Management of Climate-related Financial Risks (2023), addressing the oversight and allocation of responsibilities for climate-related financial risks, their integration into strategy-setting, risk management frameworks, capital and liquidity planning, and scenario analysis exercises; and Principles for Sustainability-related Disclosures (2024), supporting financial firms in the UAE in preparing high-quality and relevant sustainability disclosures. For further information, please contact: Corporate Communications Dubai Financial Services Authority (DFSA) Level 13, The Gate, West Wing Dubai, UAE Email: DFSAcorpcomms@ About DFSA The Dubai Financial Services Authority (DFSA) is the independent regulator of financial services conducted in and from the Dubai International Financial Centre (DIFC), a purpose built financial free zone in Dubai. The DFSA's regulatory mandate covers asset management, banking and credit services, securities, collective investment funds, custody and trust services, commodities futures trading, Islamic finance, insurance, crowdfunding platforms, money services, an international equities exchange and an international commodities derivatives exchange. In addition to regulating financial and ancillary services, the DFSA is responsible for administering Anti-Money Laundering and Combating the Financing of Terrorism legislation that applies to regulated firms and Designated Non-Financial Businesses and Professions in the DIFC. Please refer to the DFSA website for more information.
Wall Street Journal
3 days ago
- Business
- Wall Street Journal
EU Lays Out Plan to Bolster Defense Industry
The European Union wants to ramp up defense capabilities by loosening its knot of regulations covering everything from sustainable finance to merger enforcement. The European Commission–the EU's executive arm–on Tuesday proposed a number of changes and clarifications to existing regulations, including encouraging merger watchdogs to look favorably on defense sector deals and signaling to asset managers that some security investments could still be considered Environmental, Social, and Governance financing.
