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CBI to launch climate resilience taxonomy this month

The Climate Bonds Initiative (CBI) will launch its initial Climate Resilience Taxonomy on 25 September with draft criteria, ahead of detailed thematic criteria being developed in the next phase of the work.

Federated Hermes skeptical of ESG-linked executive pay

Vanguard did not support any environmental proposals last year

Vanguard did not support any of 400 environmental or social shareholder proposals it encountered in the most recent proxy season, arguing that the proposals were either not addressing financially material aspects or "were overly prescriptive".

Transition plan rules 'should require disclosure of' expected climate impact

Regulatory frameworks for disclosure of climate transition plans should require companies to explain what impact they expect their plans to have on greenhouse gas emissions, ClarityAI has suggested.

AI and biodiversity top engagement priorities for Federated Hermes

Costa Rica 'almost done' with framework ahead of 2025 sustainable bond debut

Costa Rica is planning to issue its debut sovereign sustainable bond in the first half of 2025, but the Latin American country is not currently looking to use the sustainability-linked bond format like some regional peers.

Bank of China raises CNY2.5bn from ground-breaking 'SGS' sustainable bond

Bank of China (BoC) has raised CNY2.5 billion ($351 million) from the first 'sustainability-linked, green, and social loan' (SGS) bond issued under its innovative framework which follows the publication of recent ground-breaking market guidance.

Limited funding for UK energy generation solutions, says SDCL

Energy generation remains underfunded despite broader investor interest in backing energy transition themes, Sustainable Development Capital's founder has told Environmental Finance.

Better data, fewer indices needed to drive ETF flows, says IIA

Improvements in ESG data will lead to better indexes for asset managers, but to drive more flows into the industry, investors must coalesce around fewer definitions, according to the Index Industry Association.

Canada transition finance market awaits if Taxonomy gets 'unstuck'

Pent-up demand for transition finance in Canada could be released if the government can get "unstuck" with its long-awaited transition-focused taxonomy later this year, but challenges around the role of gas continue to hold progress back.