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SBTi board faces resignations and staff ire after change to carbon credit stance

The Science-Based Targets initiative (SBTi) Board of Trustees has come under fire for changing its stance on corporate use of carbon credits for Scope-3 emissions reduction targets, which has been described as a "major departure" from existing policy.

Inconsistent data stops impact investors pursuing biodiversity, Wellington says

A lack of consistency in data for measuring biodiversity is hindering impact investors and preventing capital flowing to solutions providers, Wellington Management has argued.

Loans round-up: Salzgitter, Indorama Ventures, DCM Shriram and more

Standard Chartered guide to address adaptation and resilience finance shortfall

Standard Chartered Bank has launched a guide to align sector-wide efforts solve the adaptation and resilience finance shortfall.

World Bank releases 'game-changing' streamlined impact metrics

The World Bank has released a new impact outcomes 'scorecard' which will be deployed across all its institutions for the first time, which was described as "game-changing" for the development bank.

European Parliament approves 'world first' carbon removal certificate

The European Parliament has formally approved a certification framework for carbon removal projects, but carbon market participants have warned this does not go far enough.

Ninety One: Divesting is not impacting high emitters

The real-world impact of investors' net zero commitments is currently unclear, according to Ninety One Asset Management, calling on investors to "shift focus from reducing financed emissions to financing reduced emissions".

'Regulators could follow TCFD example' by making TPT mandatory

Guidance on 'gold standard' climate transition plans could be implemented in UK regulation, following the example of the Task Force on Climate-related Financial Disclosures (TCFD), according to a senior lawyer.

SBTi warms to offsets, in massive move for voluntary carbon market

The Science-Based Targets initiative (SBTi) has said it will take a more accommodative stance towards carbon credits, in a move one observer described as a "massive" moment for the voluntary carbon market.

Bond round-up: Smurfit Kappa, Colombia, CEB ... and more