Net zero targets can oblige progress reporting in financial accounts, says IASB committee
Setting net zero commitments can oblige companies to report their performance against climate targets under existing financial accounting standards, according to the International Accounting Standards Board (IASB) interpretations committee.
Bloomberg and Natural History Museum to build biodiversity data tool
Bloomberg has announced it will work with the UK's Natural History Museum to build a biodiversity data tool for investors.
10% of sustainability-linked bonds 'not aligned' with ICMA principles, says Fitch
One in ten of the sustainability-linked bonds (SLBs) rated by Sustainable Fitch are "not aligned" with the widely accepted principles administered by the International Capital Market Association (ICMA), almost four-times the level for green, social and sustainability bonds.
'More rigorous' standards see biennial review register big drop in sustainable assets
A big drop in the total assets judged as 'sustainable' globally has been reported in the latest in a series of biennial reviews, with tightened criteria in response to a "rise in greenwashing and greenhushing".
ESAP regulation proceeds for adoption after Council sign-off
NBIM plans $70bn sustainable private equity investment expansion
Norges Bank Investment Management (NBIM) is proposing updating the investment strategy for the NOK15.6 trillion ($1.46 trillion) Norwegian sovereign wealth fund to include net zero-aligned unlisted equity investments.
Agricultural climate and nature data platform launched
An agricultural data platform has been launched to assist with reporting and help financial institutions better manage climate and nature risks.
S&P: Physical climate risk could reduce global economy by 4.4% a year
Physical climate risks are likely to become more material to S&P's sovereign rating analysis, the rating agency says. Ahren Lester reports
Exclusive: Bloomberg launches impact investing data product
Data giant Bloomberg has launched a product that uses the UN Sustainable Development Goals (SDGs) to help investors compare the sustainability impact of about 50,000 companies.