The battle for control of Petropavlovsk has been raging since the board and management were unexpectedly voted out at the AGM in June. But only now has it become clear the role a conversion of bonds may have played. At issue are allegations of unequal bondholder treatment.

Volumes of sustainability-linked bonds are predicted to increase during the next year. The model, combined with developing data and disclosures, could help embed sustainability across finance.

The Swiss asset and wealth manager’s Natural Capital fund, launched on Monday, is a first of its kind in the public equity markets.

The social bond market has boomed as public-sector borrowers raise funding to mitigate the pandemic. Now they need to become long-term options for both banks and corporates.

The Covid pandemic and racial injustice protests have thrust social investing into the spotlight this year. However, using this to achieve long-term change on the ground will be a tough job.

Environmental, social and governance investors can lend out their securities, but greater communication and transparency is needed for it to work.

Demand for investments with a positive social or environmental impact is increasing. For portfolio managers this means navigating a complex world of terminologies, data and reporting

Mark Carney has put his weight behind a new taskforce to speed up the development of voluntary carbon markets. The aim is to build infrastructure that will create liquid and investable carbon offset markets.

The bank’s new Development Finance Institution could move the needle in helping developing economies meet the UN’s sustainable development goals. Euromoney talks to managing director Faheen Allibhoy and chair of the governing board Daniel Zelikow.

The $40 trillion environmental, social and governance investment industry is built on a bedrock of data from an ever-widening range of sources. Is that data fit for purpose?

The Global Investors for Sustainable Development (GISD) has cited 64 specific recommendations in a report calling for greater public-sector engagement in supporting the financing of the Sustainable Development Goals and Paris Agreement.

Income, racial and gender inequality have been at the top of the news agenda for months. The financial sector now needs to go beyond programmes, initiatives and box-ticking and embed diversity and inclusion into all it does.

Nearly all banks talk about corporate responsibility, few make it integral to the way they work. What sets Bank of America apart is that it has been doing just that for years and this year it receives the award for North America’s best bank for corporate responsibility.

Across every sector and region HSBC stands out for its commitment to developing partnerships and products that will bring finance at scale to create a more sustainable and resilient planet.

With its unique model of direct lending to microfinance institutions and bringing large investors to the table, BNP Paribas has put financial inclusion at the heart of its agenda.

Using its balance sheet to help the transition to net zero emissions, racial equality and economic mobility, while supporting employees through Covid-19 and assisting communities in all markets it operates in, Bank of America has put corporate responsibility at its core.

The breadth and ambition of Santander’s diversity and inclusion programmes set it apart from its peers globally.

When a big US bank joins its peers around the world under an umbrella of responsible banking, it lifts the entire responsibility agenda – and this is exactly what Citi has done as an early signatory to the Principles of Responsible Banking (PRB) of the United Nations Environment Programme Finance Initiative.